04:09 PM EDT, 03/25/2024 (MT Newswires) -- Brookfield Renewable Partners ( BEP ) on Monday closed the issuance of US$150 million of fixed rate green perpetual subordinated notes.

The company said the notes have an effective coupon rate of 6.78% and will be listed on the New York Stock Exchange under the BEPJ symbol.

"The sub notes will represent Brookfield Renewable's thirteenth green labelled corporate securities issuance and the second issuance under Brookfield Renewable's 2024 Green Financing Framework. Brookfield Renewable will use the net proceeds from the sale of the sub notes to finance or refinance eligible investments under Brookfield Renewable's 2024 Green Financing Framework," it said.

Brookfield Renewable units closed down C$0.21 to C$31.00 on the Toronto Stock Exchange