Brookfield Renewable Unveils New C$450 Million Green Bond Issue

Brookfield Renewable's New Green Bonds Initiative

Recently, Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) announced an exciting development in its financial strategy. The company has agreed to issue an impressive C$450 million in Series 19 Notes, showcasing its commitment to sustainability and renewable energy.

Details of the Green Bonds

These Series 19 Notes will mature on October 12, 2035, and will carry an annual interest rate of 4.542%. Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of these notes. Importantly, the issuance is fully guaranteed by Brookfield Renewable and several of its key subsidiaries.

Funding Objectives and Sustainable Investments

Brookfield Renewable aims to use the proceeds from these bonds to support Eligible Investments as defined in their Green Financing Framework for 2024. This includes funding for projects designed to enhance sustainability and renewability in various sectors. The Green Financing Framework outlines how funds will be utilized, helping to ensure that financing goes toward environmentally beneficial projects.

Support from Ratings Agencies

The Series 19 Notes have received favorable ratings from several prominent institutions: a BBB+ rating from S&P Global Ratings, a BBB (high) with a stable trend from DBRS Limited, and a BBB+ from Fitch Ratings. These ratings reflect the robust financial health of Brookfield Renewable and its ongoing commitment to responsible investment.

Distribution and Syndicate Agents

The offering will be conducted through a seasoned syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotiabank, and the National Bank Financial Markets. Additional participants in this syndicate include Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko, and iA Private Wealth Inc., showcasing a strong network in the financial sector.

Brookfield Renewable: A Leader in the Industry

Brookfield Renewable operates one of the largest platforms dedicated entirely to renewable power solutions globally. The company’s diverse portfolio includes hydroelectric, wind, utility-scale solar, and storage facilities, demonstrating its multifaceted approach to renewable energy. Moreover, Brookfield Renewable is deeply invested in sustainable solutions, which encompass key areas such as carbon capture, recycling, and eFuels manufacturing.

Investing with Brookfield Renewable

Investors interested in sustainable and renewable investment opportunities can access this diverse portfolio through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) or Brookfield Renewable Corporation (NYSE: BEPC; TSX: BEPC). Both entities provide different pathways for investment while aligning with the company’s sustainable mission.

Contact Information for Further Inquiries

For media inquiries, please contact:

Simon Maine
+44 7398 909 278
simon.maine@brookfield.com

For investor-related questions, please reach out to:

Alex Jackson
+1 (416) 649-8172
alexander.jackson@brookfield.com

Frequently Asked Questions

What is the total amount being raised through the bond issue?

The total amount being raised is C$450 million via the Series 19 Notes.

What is the interest rate associated with the new green bonds?

The Series 19 Notes will bear an interest rate of 4.542% per annum.

Who is the issuer of the Series 19 Notes?

Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, is the issuer of the Notes.

What will the proceeds be used for?

The proceeds from the bond issue will fund various Eligible Investments in line with Brookfield Renewable's Green Financing Framework.

What can investors expect from Brookfield Renewable's portfolio?

Investors can expect a diverse and robust portfolio of renewable energy assets, including hydroelectric, solar, and wind energy resources.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.