Brookfield Renewable Launches CAD 400 Million Bond Offering

Brookfield Renewable, a renewable power platform with approximately 34 GW of assets, has announced a bond offering of CAD 400 million (USD 292.2 million/EUR 268.4 million). The initiative aims to raise funds for its green energy projects. The medium-term notes sale, conducted by Brookfield Renewable Partners ULC, is expected to close around July 17. The transaction includes CAD 100 million of Series 17 Notes due January 10, 2054, with an effective interest rate of 5.417%, issued at a price of CAD 98.549, plus accrued interest. Additionally, CAD 300 million of Series 18 Notes, maturing on October 20, 2034, and bearing an annual interest rate of 4.959%, are also part of the placement. The securities will be fully guaranteed by Brookfield Renewable and several of its key subsidiaries. The proceeds will be used to fund investments under Brookfield's green financing framework, focusing on renewable and low-carbon electricity production and energy efficiency projects. A portion of the capital will also be allocated to repaying existing debt. RBC Capital Markets, Scotiabank, BMO Capital Markets, TD Securities, CIBC Capital Markets, and National Bank Financial Markets are among the financial institutions assisting with the placement.