Brookfield Renewable issues C$400 million in green bonds, part of green financing framework

From GlobeNewswire: 2024-07-15 20:13:23

Brookfield Renewable announced the issuance of C$400 million in medium-term notes, with Series 17 Notes due in 2054 at an interest rate of 5.417% and Series 18 Notes due in 2034 at 4.959%. The offering is expected to close on July 17, 2024. These notes are part of the company’s green financing framework to fund eligible investments. The Notes have been rated BBB+ by S&P Global Ratings, BBB (high) by DBRS Limited, and BBB+ by Fitch Ratings. The offering is being managed by a syndicate of agents led by RBC Capital Markets, Scotiabank, and others.

Brookfield Renewable operates a global renewable power and sustainable solutions platform with an operating capacity of almost 34,000 megawatts and a development pipeline of 157,000 megawatts. The company is the flagship listed renewable power and transition company of Brookfield Asset Management, a global alternative asset manager. Note this news release contains forward-looking statements regarding the terms and closing of the offering of Notes.



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