Brookfield Renewable has announced plans to issue C$250 million in Fixed-to-Fixed Reset Rate Subordinated Hybrid Notes, set to mature on September 10, 2055.
The Hybrid Notes will offer an annual interest rate of 5.373% until September 10, 2030. After that, the rate will reset every five years based on the five-year Government of Canada bond yield, plus a margin of 2.459%.
The notes will be issued by Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, and will be fully guaranteed by Brookfield Renewable and key holding subsidiaries.
This issuance will be made under a base shelf prospectus dated September 8, 2023, and a related prospectus supplement dated June 4, 2025. The offering is expected to close around June 10, 2025, pending customary closing conditions.
These Hybrid Notes mark Brookfield Renewableโs 17th green-labelled corporate securities issuance in North America, and the sixth under its 2024 Green Financing Framework. Net proceeds will be used to fund eligible green investments or to refinance debt related to such projects.
More details on the Green Financing Framework can be found on Brookfield Renewableโs website and in the offeringโs prospectus supplement.
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