By Wendy Van Sickle
Columbus, Ohio, Dec. 12 – Brookfield Corp. sold C$1 billion of medium-term notes (A3/A-/A-) on Monday, according to a news release.
The 5.431% bonds are due in December 2032.
CIBC Capital Markets, RBC Capital Markets, Scotiabank, BMO Capital Markets, National Bank Financial Markets and TD Securities are the joint bookrunners.
Proceeds will be used for general corporate purposes.
Toronto-based Brookfield is focused on deploying its capital on a value basis and compounding it over the long term.
| Issuer: | Brookfield Corp.
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| Amount: | C$1 billion
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| Issue: | Medium-term notes
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| Maturity: | December 2032
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| Bookrunners: | CIBC Capital Markets, RBC Capital Markets, Scotiabank, BMO Capital Markets, National Bank Financial Markets and TD Securities
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| Coupon: | 5.431%
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| Trade date: | Dec. 12
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| Ratings: | Moody’s: A3
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| S&P: A-
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| Fitch: A-
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| Distribution: | Canada
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