Brookfield Issues $350M Green Perpetual Subordinated Notes

Source: www.gulfoilandgas.com 4/15/2021, Location: North America

Brookfield Renewable Partners L.P. and Brookfield Renewable Corporation announced the closing of the issuance of $350 million of fixed rate green perpetual subordinated notes (the “notes”).

The notes, which have a coupon of 4.625%, will be listed on the New York Stock Exchange under the symbol “BEPH” and have the same accounting and rating treatment as our preferred LP units. Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering.


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