Brookfield BRP Holdings has priced their new baby bonds. This issue is guaranteed by Brookfield Renewable Partners LP (BEP) as well as other Brookfield subsidiaries.
The issue prices at 4.625%–as has been typical of late the pricing is below the ‘yield talk’
Needless to say I personally have no interest in this issue at these coupon levels–for someone wanting just ‘immediate income’ it is investment grade so it has a level of safety.
No ticker was announced as of yet. The issue will likely trade within the next week–there will be no OTC grey market trading with this debt issue.