On April 9, 2020, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced cross-border public offering of notes due 2030. The size of the offering was US$600 million.
The notes have a coupon of 4.350% and were issued at a price equal to 99.903% of their face value for an effective yield of 4.362%. The notes were issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield.
The net proceeds from the sale of the notes will be used for general corporate purposes.
Brookfield is a leading global alternative asset manager with assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
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