BRF.PR.A Holds Firm on Good First-Day Volume

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 %

One Response to “BRF.PR.A Holds Firm on Good First-Day Volume”

  1. […] will join BRF.PR.A, a FixedReset, 5.25%+262, currently trading slightly below […]

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