Brookfield BRP Holdings (Canada) Inc. has announced a new issuance of perpetual subordinated notes.
Please note these are ‘perpetual’ meaning no fixed maturity date.
The issuer is a subsidiary of Brookfield Renewable Partners LP (BEP) who fully and unconditionally guarantees these notes.
Yield talk for the issue is in the 4.875% area with a lower investment grade rating.
EarlyBird was right on this one