08:10 AM EST, 12/06/2024 (MT Newswires) -- Brookfield Renewable (BEP-UN.TO) on Friday said it will sell $200 million in notes due March 12, 2055.

The fixed-to-fixed reset rate subordinated hybrid notes will bear 5.45% in annual interest and reset every five years starting on March 12, 2030 at an annual rate equal to the five-year Government of Canada yield, plus a spread of 2.499%.

The issue is expected to close about Dec. 12.

The hybrid notes, the fourth issue under Brookfield Renewable's 2024 Green Financing Framework, will be used to fund investments and repay debt.