Brookfield Renewable to Issue C$450 Million of Green Bonds
Brookfield Renewable (NYSE: BEP, BEPC) has announced plans to issue C$450 million in Series 19 Notes due October 12, 2035, with a 4.542% annual interest rate. The notes, representing the company's sixteenth green-labeled corporate securities issuance in North America, will be issued through Brookfield Renewable Partners ULC and are expected to close around March 12, 2025.
The Notes have received investment-grade ratings: BBB+ from S&P Global Ratings and Fitch Ratings, and BBB (high) from DBRS The proceeds will be used to fund Eligible Investments under Brookfield's 2024 Green Financing Framework, including debt repayment.
The offering is being managed by a syndicate of agents led by major financial institutions including CIBC Capital Markets, RBC Capital Markets, and TD Securities, among others. The securities have not been registered under the U.S. Securities Act and are subject to certain restrictions in the United States.
Brookfield Renewable (NYSE: BEP, BEPC) ha annunciato piani per emettere C$450 milioni in Note di Serie 19 con scadenza il 12 ottobre 2035, con un tasso d'interesse annuale del 4,542%. Le note, che rappresentano la sedicesima emissione di titoli verdi dell'azienda in Nord America, saranno emesse tramite Brookfield Renewable Partners ULC e si prevede che si chiudano intorno al 12 marzo 2025.
Le Note hanno ricevuto valutazioni di investimento di grado: BBB+ da S&P Global Ratings e Fitch Ratings, e BBB (alto) da DBRS. I proventi saranno utilizzati per finanziare Investimenti Idonei secondo il Quadro di Finanziamento Verde 2024 di Brookfield, inclusa la restituzione del debito.
L'offerta è gestita da un sindacato di agenti guidato da importanti istituzioni finanziarie tra cui CIBC Capital Markets, RBC Capital Markets e TD Securities, tra gli altri. I titoli non sono stati registrati ai sensi del Securities Act degli Stati Uniti e sono soggetti a determinate restrizioni negli Stati Uniti.
Brookfield Renewable (NYSE: BEP, BEPC) ha anunciado planes para emitir C$450 millones en Notas de la Serie 19 con vencimiento el 12 de octubre de 2035, con una tasa de interés anual del 4.542%. Las notas, que representan la décima sexta emisión de valores etiquetados como verdes de la empresa en América del Norte, se emitirán a través de Brookfield Renewable Partners ULC y se espera que se cierren alrededor del 12 de marzo de 2025.
Las Notas han recibido calificaciones de grado de inversión: BBB+ de S&P Global Ratings y Fitch Ratings, y BBB (alto) de DBRS. Los ingresos se utilizarán para financiar Inversiones Elegibles bajo el Marco de Financiación Verde 2024 de Brookfield, incluida la devolución de deuda.
La oferta está siendo gestionada por un sindicato de agentes liderado por importantes instituciones financieras, incluyendo CIBC Capital Markets, RBC Capital Markets y TD Securities, entre otros. Los valores no han sido registrados bajo el Securities Act de EE. UU. y están sujetos a ciertas restricciones en los Estados Unidos.
브룩필드 재생 가능 에너지 (NYSE: BEP, BEPC)는 C$450 백만 규모의 19번째 시리즈 노트를 2035년 10월 12일 만기로 발행할 계획을 발표했습니다. 이 노트는 연 4.542%의 이자율을 가지고 있습니다. 이 노트는 북미에서 회사의 16번째 녹색 라벨이 붙은 기업 증권 발행을 나타내며, 브룩필드 재생 가능 파트너스 ULC를 통해 발행될 예정이며, 2025년 3월 12일경에 마감될 것으로 예상됩니다.
이 노트는 투자 등급의 평가를 받았습니다: BBB+는 S&P 글로벌 신용 평가와 피치 신용 평가로부터, BBB (높음)은 DBRS로부터 받았습니다. 수익금은 브룩필드의 2024년 녹색 금융 프레임워크에 따라 적격 투자 자금을 조달하는 데 사용될 예정이며, 부채 상환도 포함됩니다.
이번 공모는 CIBC 캐피탈 마켓, RBC 캐피탈 마켓, TD 증권 등 주요 금융 기관이 이끄는 에이전트의 신디케이트에 의해 관리되고 있습니다. 이 증권은 미국 증권법에 따라 등록되지 않았으며 미국 내에서 특정 제한을 받습니다.
Brookfield Renewable (NYSE: BEP, BEPC) a annoncé des plans pour émettre C$450 millions en Obligations de Série 19 arrivant à échéance le 12 octobre 2035, avec un taux d'intérêt annuel de 4,542%. Les obligations, représentant la seizième émission de titres verts de l'entreprise en Amérique du Nord, seront émises par Brookfield Renewable Partners ULC et devraient être clôturées autour du 12 mars 2025.
Les Obligations ont reçu des notations de qualité d'investissement : BBB+ de S&P Global Ratings et Fitch Ratings, et BBB (élevé) de DBRS. Les produits seront utilisés pour financer des Investissements Éligibles dans le cadre du Cadre de Financement Vert 2024 de Brookfield, y compris le remboursement de dettes.
L'offre est gérée par un syndicat d'agents dirigé par d'importantes institutions financières, notamment CIBC Capital Markets, RBC Capital Markets et TD Securities, parmi d'autres. Les titres n'ont pas été enregistrés en vertu du U.S. Securities Act et sont soumis à certaines restrictions aux États-Unis.
Brookfield Renewable (NYSE: BEP, BEPC) hat Pläne angekündigt, C$450 Millionen in Serie 19 Anleihen mit Fälligkeit am 12. Oktober 2035 und einem jährlichen Zinssatz von 4,542% auszugeben. Die Anleihen, die die sechzehnte grün gekennzeichnete Unternehmensanleihe des Unternehmens in Nordamerika darstellen, werden über Brookfield Renewable Partners ULC ausgegeben und sollen voraussichtlich am 12. März 2025 abgeschlossen werden.
Die Anleihen haben Investment-Grade-Bewertungen erhalten: BBB+ von S&P Global Ratings und Fitch Ratings sowie BBB (hoch) von DBRS. Die Erlöse werden verwendet, um förderfähige Investitionen im Rahmen des Green Financing Framework 2024 von Brookfield zu finanzieren, einschließlich der Rückzahlung von Schulden.
Das Angebot wird von einem Syndikat von Agenten geleitet, zu dem bedeutende Finanzinstitute wie CIBC Capital Markets, RBC Capital Markets und TD Securities gehören. Die Wertpapiere wurden nicht gemäß dem U.S. Securities Act registriert und unterliegen bestimmten Einschränkungen in den Vereinigten Staaten.
- Successful placement of C$450 million green bonds demonstrates strong market access
- Investment-grade ratings (BBB+/BBB high) reflect solid credit profile
- 4.542% interest rate indicates competitive financing terms
- Additional debt increases company's leverage and interest expenses
Insights
Brookfield Renewable's C$450 million green bond issuance represents a strategic financing move that strengthens its capital position while maintaining investment-grade status. The 10-year notes carrying a
The pricing appears competitive in the current interest rate environment, particularly for a decade-long commitment. With this being Brookfield's sixteenth green-labeled issuance in North America, the company has clearly established a track record of successfully tapping debt markets with environmentally-focused securities.
This transaction represents approximately
The use of proceeds to fund eligible investments under their Green Financing Framework or repay related debt provides financial flexibility to support their renewable energy portfolio development. This issuance demonstrates continued market access at favorable terms, which is important for capital-intensive renewable infrastructure businesses requiring consistent funding for growth initiatives.
This green bond issuance highlights Brookfield Renewable's continued leadership in sustainable finance. As their sixteenth green-labeled securities offering in North America, this demonstrates both market demand for their green debt instruments and the company's commitment to aligning financing activities with their environmental mission.
The green bond market has matured significantly, with investors increasingly discriminating between issuers based on credibility and framework integrity. Brookfield's recently updated 2024 Green Financing Framework suggests they're maintaining current best practices in this evolving space.
Green bonds typically offer issuers subtle advantages, including access to a broader investor base of ESG-focused funds and potentially more favorable pricing due to high demand for credible green assets. The involvement of twelve financial institutions in the syndicate indicates strong distribution capabilities across diverse investor segments.
The BBB+ rating positions these bonds firmly in the investment-grade category, making them eligible for major fixed-income portfolios with ESG mandates. This issuance reinforces Brookfield Renewable's market position as a leading renewable infrastructure operator with integrated sustainability across both operations and financing strategy, creating a coherent investment narrative for ESG-conscious investors seeking fixed-income exposure.
BROOKFIELD, News, March 10, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C
Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.
The Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement and pricing supplement to be dated March 10, 2025. The issue is expected to close on or about March 12, 2025 subject to customary closing conditions.
The Notes will represent Brookfield Renewable’s sixteenth green labelled corporate securities issuance in North America. Brookfield Renewable intends to use the net proceeds from the sale of the Notes to fund Eligible Investments (as defined in Brookfield Renewable’s 2024 Green Financing Framework, the “Green Financing Framework”), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.
The Notes have been rated BBB+ by S&P Global Ratings, BBB (high) with a stable trend by DBRS Limited and BBB+ by Fitch Ratings.
The Notes are being offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotiabank and National Bank Financial Markets, and including Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation.
Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over
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Cautionary Statement Regarding Forward-looking Statements
Note: This news release contains forward-looking statements and information within the meaning of Canadian securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “will”, “expected”, “intend”, or variations of such words and phrases. Forward-looking statements in this news release include statements regarding the closing, the terms and the use of proceeds of the offering of Notes. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
FAQ
What is the size and interest rate of Brookfield Renewable's (BEP) new green bond offering?
What credit ratings have been assigned to BEP's Series 19 Notes?
How will Brookfield Renewable (BEP) use the proceeds from the green bond issuance?
When is the expected closing date for BEP's Series 19 Notes offering?
