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Brookfield Corporation Announces Pricing of C$500 Million of Medium-Term Notes Due 2036 and C$250 Million Re-Opening of Medium-Term Notes Due 2055
The notes carry ratings from four agencies and will fund general corporate purposes, Brookfield said.
- On Thursday, Brookfield Corporation announced the pricing of a public offering of C$750 million in medium-term notes, comprising C$500 million in 2036 notes bearing 4.803% interest and a C$250 million re-opening of 2055 notes.
- The C$250 million re-opening of 5.399% notes due December 11, 2055, increases the total series principal to C$900 million, with an effective yield of 5.433% if held to maturity.
- Credit agencies assigned the notes ratings of A- by Standard & Poor's and Fitch, A3 by Moody's, and A by DBRS, with a syndicate led by CIBC Capital Markets and BMO Capital Markets offering the securities.
- Brookfield Corporation intends to use the net proceeds for general corporate purposes, with the offering made through a prospectus supplement and pricing documents filed in Canada and available on SEDAR.
- The company noted that the offering contains "forward-looking statements" subject to significant business and economic uncertainties; investors are urged to review prospectus documents for complete information before investing.
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The Toronto Star+9 Reposted by 9 other sources
Brookfield Corporation Announces Pricing of C$500 Million of Medium-Term Notes Due 2036 and C$250 Million Re-Opening of Medium-Term Notes Due 2055
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·Toronto, Canada
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Total News Sources11
Leaning Left9Leaning Right1Center0Last UpdatedBias Distribution90% Left
Bias Distribution
- 90% of the sources lean Left
90% Left
L 90%
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