Brookfield issues $475m bond
Proceeds for project financing secured against Maine hydro assets
Brookfield Renewable Partners has issued a $475m green bond for project financing secured against its 380MW White Pine hydro portfolio in Maine.
The non-amortizing, 4.4% green bond due in 2032 was issued by way of private placement in Canada and the US.
The bond received an E-1 Green Evaluation score from S&P, the highest level on the rating agency’s scale, Brookfield said.
It is the company’s first green bond issuance.