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.
![](https://innovativeincomeinvestor.com/wp-content/uploads/2021/04/brp.jpg)
The pricing term sheet is here.
Would there be a K-1 with baby bonds?
No ALX since it is debt
Quote was asking 25.05
If this issue is at 4.625% one’s better in the BAMH Brookfield Finance issue with same coupon, closing today at $24.61 Y4.71%/YTC5.06% with 1st call on 10/16/25, rated higher at BBB/Baa3.