By Cristal Cody
Prospect News, Oct. 20 - Brookfield Asset Management Inc. priced C$350 million 5.3% senior notes due March 2021, a source said.
The notes (Baa2/A-/BBB/) priced at 250 basis points over the Canadian benchmark to yield 5.307%.
CIBC World Markets Inc., RBC Capital Markets Corp. and TD Securities Inc. were the lead bookrunners.
The proceeds will be used to refinance existing debt and for general corporate purposes.
Toronto-based Brookfield manages more than $100 billion in property, power and infrastructure assets.
| Issuer: | Brookfield Asset Management Inc.
|
| Issue: | Senior notes
|
| Amount: | C$350 million
|
| Maturity: | March 1, 2021
|
| Bookrunners: | CIBC World Markets Inc., RBC Capital Markets Corp., TD Securities Inc.
|
| Coupon: | 5.3%
|
| Yield: | 5.307%
|
| Spread: | 250 bps over Canada benchmark
|
| Distribution: | Canada
|
| Trade date: | Oct. 20
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Fitch: BBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
