Brookfield Corporation announced the pricing of C$750 million in medium-term notes, comprising a new C$500 million issuance due 2036 and a C$250 million re-opening of notes due 2055.
Key takeaways
Priced C$500 million of new medium-term notes due April 21, 2036 with a 4.803% coupon.
Re-opened 5.399% notes due 2055 with an additional C$250 million, bringing the total series to C$900 million.
The 2055 notes were priced at 99.495% of face value plus accrued interest, yielding 5.433% to maturity.
Net proceeds are intended for general corporate purposes.
Expected credit ratings for the notes are A- (S&P/Fitch), A3 (Moody's), and A (DBRS).