Brookfield Renewable Energy Partners has completed a C$450 million bond issuance for its 166MW Comber Wind farm in Ontario, the first broadly marketed and rated wind financing in Canada.

The senior bonds, rated BBB by the rating agency DBRS, bear an all-in interest rate of 5.13% and fully amortize over a period of 17.7 years.

“The transaction was oversubscribed with significant demand resulting in the participation of more than 25 investors. As the first public wind deal in Canada, the offering attracted many institutions new to the sector and should help to increase and diversify future financing opportunities for renewable power companies and investors alike,” says chief financial officer Sachin Shah.