Brookfield Renewable Energy Partners (Brookfield Renewable) announced the completion of a $450 million offering for its Comber Wind farm in Essex County, Ontario. The bond issuance was Canada's first broadly marketed and rated wind financing.
The 166 MW Comber Wind farm entered commercial operation in the fall of 2011 and benefits from a 20-year Power Purchase Agreement with the Ontario Power Authority.
The Senior Bonds bear an all-in interexast rate of 5.13 per cent and fully amortize over a period of 17.7 years. The bonds are rated BBB by DBRS.
Scotia Capital Inc. acted as sole lead and bookrunner.
Brookfield Renewable was represented by Torys LLP with a team that included Rose Bailey, Jonathan Cescon and Yinka Olusoga.
Scotia Capital was represented by McCarthy Tétrault LLP with a team that included David Lever, Gordon Baird, Ian Michael, Sean O'Neill and Will Fyfe.
The 166 MW Comber Wind farm entered commercial operation in the fall of 2011 and benefits from a 20-year Power Purchase Agreement with the Ontario Power Authority.
The Senior Bonds bear an all-in interexast rate of 5.13 per cent and fully amortize over a period of 17.7 years. The bonds are rated BBB by DBRS.
Scotia Capital Inc. acted as sole lead and bookrunner.
Brookfield Renewable was represented by Torys LLP with a team that included Rose Bailey, Jonathan Cescon and Yinka Olusoga.
Scotia Capital was represented by McCarthy Tétrault LLP with a team that included David Lever, Gordon Baird, Ian Michael, Sean O'Neill and Will Fyfe.
