{"id":42800,"date":"2021-12-10T21:33:57","date_gmt":"2021-12-11T02:33:57","guid":{"rendered":"http:\/\/prefblog.com\/?p=42800"},"modified":"2021-12-10T21:33:57","modified_gmt":"2021-12-11T02:33:57","slug":"december-10-2021","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=42800","title":{"rendered":"December 10, 2021"},"content":{"rendered":"

Brookfield Renewable Partners L.P. issued US perpetual sub-debt<\/a> yesterday:<\/p>\n

Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) and Brookfield Renewable Corporation (together with Brookfield Renewable Partners L.P., \u201cBrookfield Renewable\u201d) (NYSE, TSX: BEPC) today announced the closing of the issuance of a series of $260 million of fixed rate green perpetual subordinated notes (the \u201cnotes\u201d). The notes, which have a coupon of 4.875%, will be listed on the New York Stock Exchange under the symbol \u201cBEPI\u201d and have the same accounting and rating treatment as our preferred LP units.<\/p>\n

Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering.<\/p>\n

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes described herein, nor shall there be any sale of these notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.<\/p>\n

The notes were not offered or sold, directly or indirectly, in Canada or to any resident of Canada.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n3.08 %<\/td>\n3.58 %<\/td>\n47,234<\/td>\n19.97<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,834.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.2016 %<\/td>\n5,092.4<\/td>\n<\/tr>\n
Floater<\/td>\n3.13 %<\/td>\n3.12 %<\/td>\n76,069<\/td>\n19.34<\/td>\n3<\/td>\n-1.2016 %<\/td>\n2,934.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0818 %<\/td>\n3,665.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.68 %<\/td>\n4.22 %<\/td>\n49,589<\/td>\n3.80<\/td>\n5<\/td>\n-0.0818 %<\/td>\n4,376.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0818 %<\/td>\n3,415.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.15 %<\/td>\n1.49 %<\/td>\n48,520<\/td>\n0.08<\/td>\n28<\/td>\n-0.2721 %<\/td>\n3,245.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.73 %<\/td>\n4.77 %<\/td>\n65,747<\/td>\n15.90<\/td>\n7<\/td>\n0.2922 %<\/td>\n3,826.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n3.92 %<\/td>\n4.02 %<\/td>\n125,648<\/td>\n17.36<\/td>\n37<\/td>\n0.0713 %<\/td>\n2,820.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n4.98 %<\/td>\n4.51 %<\/td>\n94,198<\/td>\n4.00<\/td>\n20<\/td>\n0.0439 %<\/td>\n3,648.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.46 %<\/td>\n2.77 %<\/td>\n27,417<\/td>\n20.33<\/td>\n2<\/td>\n1.1869 %<\/td>\n2,767.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.70 %<\/td>\n3.72 %<\/td>\n113,464<\/td>\n2.45<\/td>\n33<\/td>\n0.1486 %<\/td>\n2,716.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0713 %<\/td>\n2,882.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.13 %<\/td>\n3.87 %<\/td>\n91,568<\/td>\n17.28<\/td>\n19<\/td>\n0.2020 %<\/td>\n2,920.3<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Premium<\/td>\n-6.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.38
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-4.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 13.25
\nEvaluated at bid price : 13.25
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-3.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.40
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Premium<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.02
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Premium<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 23.53
\nEvaluated at bid price : 24.81
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 3.80 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 23.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 13.46
\nEvaluated at bid price : 13.46
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Prem<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.10
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 3.09 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Prem<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.25
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n3.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 2.77 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n3.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 21.92
\nEvaluated at bid price : 22.40
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n98,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 24.55
\nEvaluated at bid price : 24.94
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n50,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n30,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 24.46
\nEvaluated at bid price : 24.85
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n28,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.40 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Prem<\/td>\n27,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-08-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 3.26 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n25,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 23.33
\nEvaluated at bid price : 24.58
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n
There were 6 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Premium<\/td>\nQuote: 22.38 – 24.85
\nSpot Rate : 2.4700
\nAverage : 1.9069<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.38
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 13.46 – 15.00
\nSpot Rate : 1.5400
\nAverage : 1.0944<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 13.46
\nEvaluated at bid price : 13.46
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n

IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.00 – 26.00
\nSpot Rate : 1.0000
\nAverage : 0.5718<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.40 %<\/td>\n<\/tr>\n

PWF.PR.E<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.52 – 26.50
\nSpot Rate : 0.9800
\nAverage : 0.5530<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-09
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : -11.93 %<\/td>\n<\/tr>\n

NA.PR.G<\/td>\nFixedReset Prem<\/td>\nQuote: 24.81 – 25.69
\nSpot Rate : 0.8800
\nAverage : 0.5195<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 23.53
\nEvaluated at bid price : 24.81
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 23.40 – 24.40
\nSpot Rate : 1.0000
\nAverage : 0.7215<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-10
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.40
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Brookfield Renewable Partners L.P. issued US perpetual sub-debt yesterday: Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) and Brookfield Renewable Corporation (together with Brookfield Renewable Partners L.P., \u201cBrookfield Renewable\u201d) (NYSE, TSX: BEPC) today announced the …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-42800","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42800"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42800\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}