Brookfield Renewable Power Fund has announced:
the closing of the previously announced public offering of 10 million Class A Preference Shares, Series 1 (the “Series 1 Preferred Shares”) of Brookfield Renewable Power Preferred Equity Inc., at $25.00 per share for gross proceeds of $250 million. The offering was made on a bought deal basis through a syndicate of underwriters led by Scotia Capital Inc., CIBC, RBC Capital Markets and TD Securities Inc.
The Series 1 Preferred Shares commence trading on the Toronto Stock Exchange today under the symbol BRF.PR.A.
This is a FixedReset, 5.25%+262, announced February 18 and upsized to $250-million after announcement. The issue traded 388,252 shares in a range of 24.79-07 (the low price was the opening) before closing at 25.05-07, 3×20.
Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2040-03-10
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 5.18 %