Latest news with #GreenFinancingFramework
Yahoo
03-06-2025
- Business
- Yahoo
Brookfield Renewable to Issue C$250 Million of Green Subordinated Hybrid Notes
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES BROOKFIELD, News, June 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEPC) ('Brookfield Renewable') today announced that it has agreed to issue C$250 million aggregate principal amount of Fixed-to-Fixed Reset Rate Subordinated Hybrid Notes due September 10, 2055 (the 'Hybrid Notes'). The Hybrid Notes will bear interest at an annual rate of 5.373% and reset every five years starting on September 10, 2030 at an annual rate equal to the five-year Government of Canada yield, plus a spread of 2.459%. Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Hybrid Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries. The Hybrid Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement to be dated June 4, 2025. The issue is expected to close on or about June 10, 2025 subject to customary closing conditions. The Hybrid Notes will represent Brookfield Renewable's seventeenth green labelled corporate securities issuance in North America and the sixth issuance under Brookfield Renewable's 2024 Green Financing Framework (the 'Green Financing Framework'). Brookfield Renewable intends to use the net proceeds from the sale of the Hybrid Notes to fund Eligible Investments (as defined in the Green Financing Framework), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable's website and described in the prospectus supplement in respect of the offering. The Hybrid Notes are being offered through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank Financial Markets and TD Securities, and including Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Hybrid Notes is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days at An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from Scotiabank by email at or phone at 416-862-3290, BMO Capital Markets by email at DCMCADSyndicateDesk@ or phone at 416-359-6359 or RBC Capital Markets by email at torontosyndicate@ or phone at 416-842-6311. Brookfield Renewable Brookfield Renewable operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others. Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management. Contact information: Media: Investors: Simon Maine Alex Jackson +44 7398 909 278 +1 (416) 649-8196 This news release contains forward-looking statements and information within the meaning of Canadian securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as 'will', 'expected', 'intend', or variations of such words and phrases. Forward-looking statements in this news release include statements regarding the closing, the terms and the use of proceeds of the offering of Hybrid Notes. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Veolia Raises €500 M for Its First Ever Hybrid Green Bond Issuance With an Outstanding Level of Oversubscription
PARIS, May 13, 2025--(BUSINESS WIRE)--Regulatory News: Veolia (Paris:VIE) has successfully completed its first ever green bond issuance, for 500 million euros. It takes the form of deeply subordinated perpetual hybrid notes, bearing a coupon of 4.371% until its first reset date in August 2030. Proceeds from the issue will be used to finance or refinance eligible Green projects, as described in the Green Financing Framework published in March 2025. Moreover, this hybrid bond will replace some existing hybrid debt currently in Veolia's balance sheet. Thanks to excellent market momentum and the Green aspect of the issue, the order book reached 2.7 billion euros, i.e. an oversubscription rate of over 5 times. Thanks to strong demand, the new issue concession was nil. This high level of oversubscription, the quality of the investors and the very good terms obtained testify to the very positive perception of Veolia's signature and its financial solidity, as well as to the market's approval of its Framework. "With this first green bond, we wanted to highlight the Group's activities, which are aligned with investors' expectations in terms of ecological transformation and with our GreenUp strategic plan," says Emmanuelle Menning, Deputy Veolia CEO Finance and Purchasing. "The excellent market response confirms the relevance of Veolia's positioning as the world leader in ecological transformation, as well as the strength of our activities in our three businesses: water, energy and waste." ABOUT VEOLIA Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024. View source version on Contacts MEDIA RELATIONS Laurent Obadia – Evgeniya Mazalova Charline Bouchereau - Anna Beaubatie Aurélien Sarrosquy Tel.+ 33 (0)1 85 57 86 INVESTOR RELATIONS Selma Bekhechi – Ariane de Lamaze Tel. + 33 (0)1 85 57 84 76 / 84 80investor-relations@ Sign in to access your portfolio
Business Wire
13-05-2025
- Business
- Business Wire
Veolia Raises €500 M for Its First Ever Hybrid Green Bond Issuance With an Outstanding Level of Oversubscription
PARIS--(BUSINESS WIRE)--Regulatory News: Veolia (Paris:VIE) has successfully completed its first ever green bond issuance, for 500 million euros. It takes the form of deeply subordinated perpetual hybrid notes, bearing a coupon of 4.371% until its first reset date in August 2030. Proceeds from the issue will be used to finance or refinance eligible Green projects, as described in the Green Financing Framework published in March 2025. Moreover, this hybrid bond will replace some existing hybrid debt currently in Veolia's balance sheet. Thanks to excellent market momentum and the Green aspect of the issue, the order book reached 2.7 billion euros, i.e. an oversubscription rate of over 5 times. Thanks to strong demand, the new issue concession was nil. This high level of oversubscription, the quality of the investors and the very good terms obtained testify to the very positive perception of Veolia's signature and its financial solidity, as well as to the market's approval of its Framework. ' With this first green bond, we wanted to highlight the Group's activities, which are aligned with investors' expectations in terms of ecological transformation and with our GreenUp strategic plan,' says Emmanuelle Menning, Deputy Veolia CEO Finance and Purchasing. ' The excellent market response confirms the relevance of Veolia's positioning as the world leader in ecological transformation, as well as the strength of our activities in our three businesses: water, energy and waste.' ABOUT VEOLIA Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024.
Web Release
12-05-2025
- Business
- Web Release
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
By Editor_wr On May 12, 2025 OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: 'Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT'S 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai Comments are closed.
Yahoo
12-05-2025
- Business
- Yahoo
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates, May 12, 2025--(BUSINESS WIRE)--OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: "Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. "We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets." The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. Source: AETOSWire View source version on Contacts Celine Aswad (+971)56-536-4322Omniyat@ Sign in to access your portfolio
