Brookfield Renewable to Issue $311 Million in Green Bonds to Fund Sustainable Investments
- Marks Brookfield Renewable’s 16th green-labelled corporate issuance in North America.
- Proceeds will fund eligible green investments aligned with Brookfield’s 2024 Green Financing Framework.
- Highlights strong ESG commitment, attracting sustainability-focused investors.
Brookfield Renewable announced plans to issue C$450 million in Series 19 Green Notes due October 12, 2035, with a 4.542% annual interest rate.
Brookfield Renewable Partners ULC, a subsidiary, will issue the notes, fully guaranteed by Brookfield Renewable and selected holding subsidiaries.
Proceeds will finance projects under Brookfield’s 2024 Green Financing Framework, potentially including repayment of related debts.
Investor Confidence:
The Notes received strong investment-grade ratings:
- BBB+ from S&P Global Ratings
- BBB (high), stable from DBRS Limited
- BBB+ from Fitch Ratings
RELATED ARTICLE: Brookfield Renewable Issues C$400 Million Green Bonds to Fund Sustainable Investments
Strategic Leadership:
A syndicate of prominent financial institutions, including CIBC Capital Markets, RBC Capital Markets, and TD Securities, is leading the offering.
Regulatory Note:
The offering remains subject to standard closing conditions, expected around March 12, 2025.
“The Notes will represent Brookfield Renewable’s sixteenth green labelled corporate securities issuance in North America.”
Full details are available in the related prospectus supplement accessible via Brookfield Renewable’s website.
Follow ESG News on LinkedIn
The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.
