Brookfield announces redemption price for C$350 million 5.3% notes

By Sarah Lizee

Olympia, Wash., March 18 – Brookfield Asset Management Inc. announced the redemption price for its C$350 million of 5.3% notes due March 1, 2021 (Cusip: 112S85AG9) set to be redeemed on March 23, according to a company news release on Wednesday.

The redemption price will be C$1,038 per C$1,000 of notes plus accrued interest, resulting in a total redemption amount of C$1,041.24 per C$1,000 of notes.

As previously reported, the company is funding the redemption with the proceeds of a new note offering being issued by Brookfield Finance LLC, an indirect 100% owned subsidiary of Brookfield.

On Feb. 24, Brookfield Renewable Partners LP settled a $200 million offering of $25-par green series 17 class A preferred limited partnership units (BBB-//DBRS: BBB (low)) at par with a dividend of 5.25%.

The Toronto-based company is an alternative asset manager that operates a portfolio of hydroelectric and wind facilities in North America, Latin America and Europe.

© 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.