Brookfield Finance, an arm of Brookfield Asset Management (BAM) will be selling new $25 subordinated notes.
The notes will carry a coupon of 4.625%
The notes will be rated Baa3 by Moodys, BBB by S&P and BBB by Fitch–investment grade.
Potential investors should note that under certain circumstances the company can force conversion of shares into common shares of BAM and additionally can defer interest for up to 5 years one or more times. Make sure to read the prospectus before any investment.
The ticker for this new issue has not been announced as of yet.
The preliminary prospectus can be read here.
The pricing term sheet can be read here.
Bob-in-DE was right on top of this one.
These are trading now. The ticker symbol is BAMH.
BAMH listing october 21st on NYSE.
What’s the CUSIP on this baby bond. Can’t pull up the ticker BFI on Fidelity. What’s the price this morning?
Never mind. I found the CUSIP…