Brookfield Asset Management completes US$1 billion note offering

On January 17, 2018, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced public offering of US$650 million of senior notes due 2028 (the "2028 notes") and US$350 million re-opening of senior notes due 2047 (the "additional 2047 notes"). The notes were issued by a subsidiary of Brookfield, Brookfield Finance Inc., and are fully and unconditionally guaranteed by Brookfield.

The 2028 notes have a coupon of 3.900% and were issued at a price equal to 99.654% of their face value for an effective yield of 3.942%.

The additional 2047 notes have a coupon of 4.700% and were issued at a price equal to 101.963% of their face value for an effective yield of 4.577%. The additional 2047 notes will form the same series as the already outstanding US$550 million principal amount of 4.700% notes due 2047, issued on September 14, 2017, and offered on the same terms.

The net proceeds of the offering will be used for general corporate purposes.

Brookfield Asset Management is a global alternative asset manager with approximately US$265 billion in assets under management.

Further information can be found on Globe Newswire's website.