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Brookfield Corporation offers $700M in subordinated notes with a 6.300% initial rate, maturing in 2055.
Brookfield Corporation is offering $700 million in subordinated notes due 2055.
The notes have an initial interest rate of 6.300% until 2035, after which the rate will reset every five years based on the five-year U.S. Treasury rate plus 2.076%.
Issued by Brookfield Finance Inc., a subsidiary, the notes are guaranteed by Brookfield.
Proceeds will be used for general corporate needs, with the offering set to close on December 17, 2024.
5 months ago
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