Canada-based renewable energy investor, Brookfield Renewable, announced that it would issue green bonds to the tune of CDN$ 425 million (~$321 million). These medium-term notes will bear an interest of 3.3% per year, due on August 13, 2050. The issue is expected to close around August 13, 2020. Sachin Shah, Chief Executive Officer of Brookfield Renewable, said that this is the company's fifth corporate-level green bond offering in Canada, which brings the total green bonds issued to over $3 billion. Green bonds are financial instruments designed to raise money for projects and activities related to climate and sustainability. The notes have been rated BBB+ by Standard & Poor's rating services and BBB (high) with a stable trend by DBRS Limited.