Transaction|February 13, 2019
Brookfield Property Finance completes medium term notes issue for an aggregate of C$350 million
Torys acted as counsel to Brookfield Property Finance ULC, Brookfield Property Partners L.P. and related entities with a team that included Karrin Powys-Lybbe, Jordan Fenton, Hongyi Geng and Hailey Schnier (corporate/securities).
On February 13, 2019, Brookfield Property Finance ULC, a subsidiary of Brookfield Property Partners L.P., announced the completion of an offering of an aggregate principal amount of C$350 million of medium term notes, Series 3, due March 1, 2024, bearing interest at a rate of 4.30% per annum. The notes are fully and unconditionally guaranteed by Brookfield Property Partners and certain of its key holding subsidiaries.
The notes were offered by a syndicate of agents co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc.
The net proceeds of the offering will be used for general corporate purposes.
Brookfield Property Partners LP is one of the world's largest commercial real estate companies, with approximately $87 billion in total assets.
The notes were offered by a syndicate of agents co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc.
The net proceeds of the offering will be used for general corporate purposes.
Brookfield Property Partners LP is one of the world's largest commercial real estate companies, with approximately $87 billion in total assets.