Brookfield Renewable Energy Partners has announced:
the completion of its previously announced 5% perpetual Class A Preferred Shares, Series 5 (“Preferred Shares”) issue in the amount of CDN$175,000,000. Brookfield Renewable issued, through a wholly-owned subsidiary, 7,000,000 Preferred Shares at a price of CDN$25.00 per share, for total gross proceeds of CDN$175,000,000.
The offering was underwritten by a syndicate led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc.
The Series 5 Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BRF.PR.E.
The issue traded 560,718 shares in a range of 24.94-03 before closing at 24.99-01, 25×14. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2043-01-29
Maturity Price : 24.60
Evaluated at bid price : 24.99
Bid-YTW : 5.01 %