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.
Bob-in-DE was right on top of this one.