Brookfield Renewable Partners (BEP) said late Thursday it has agreed to issue 200 million Canadian dollars ($142.4 million) worth of fixed-to-fixed reset rate subordinated hybrid notes due 2055.
The company said the notes will bear an annual interest at an initial rate of 5.450% and reset every five years starting 2030 at an annual rate equal to the five-year Government of Canada yield, plus a spread of 2.499%.
The offering is expected to close Dec. 12, the company said.
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