Energy company Brookfield Renewable Partners LP (BEP) has priced the previously announced preferred unit offering.
The issue priced at 5.25%. It will become redeemable in 2025.
The issue is rated BBB- (low investment grade) by Standard and Poors.
The issue will trade immediately on the OTC Grey market under ticker BKFRF.
Update from earlier–BEP is a Bermuda company so there will be no Canadian withholding. But there will be a K-1 issued.