Ms. Suzanne Fleming reports
BROOKFIELD TO ISSUE C$500 MILLION OF MEDIUM TERM NOTES
Brookfield Asset Management Inc. has agreed to issue $500-million aggregate principal amount of medium-term notes due on March 16, 2027, with a coupon rate of 3.8 per cent, payable semi-annually.
The notes are expected to be assigned a credit rating of A (low) (stable) by DBRS, Baa2 (stable) by Moody's and A minus by Standard & Poor's.
The company intends to use the net proceeds of the offering for general corporate purposes.
The notes are being offered through a syndicate of agents led by CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
Brookfield Asset Management is a global alternative asset manager with approximately $250-billion (U.S.) in assets under management.
We seek Safe Harbor.
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