Sept 4 Brookfield Asset Management Inc
on Wednesday sold C$425 million ($405 million) of debt in
two parts, according to a term sheet seen by Reuters.
Brookfield sold C$300 million ($286 million) of new medium
term notes, due March 8, 2024. The 5.04 percent notes were
priced at 99.960 to yield 5.045 percent or 225 basis points over
the Canadian government benchmark.
The company also sold C$125 million in a reopening of an
existing issue. The 5.95 percent debentures, which are due June
14, 2035, were priced at 96.079 to yield 6.282 percent or 310
basis points over the government benchmark.
The investment dealer arms of Canadian Imperial Bank of
Commerce, HSBC and Toronto-Dominion Bank were the bookrunning
managers of the sale.