Parties
Company
Brookfield Finance Inc.
Bank
Deutsche Bank Securities Inc.
Bank
BofA Securities, Inc.
Company
Citigroup Global Markets Inc.
Company
Morgan Stanley & Co. LLC
Bank
Banco Bradesco BBI S.A.
Bank
BNP Paribas Securities Corp.
Bank
Desjardins Securities Inc.
Bank
Itaú BBA USA Securities Inc.
Bank
Mizuho Securities USA LLC
Bank
MUFG Securities Americas Inc.
Bank
National Bank of Canada Financial Inc.
Bank
Natixis Securities Americas LLC
Bank
Santander US Capital Markets LLC
Company
SG Americas Securities LLC
Announced on June 17, 2024, and closed on June 21, 2024, Brookfield Finance Inc. (BFI), fully backed by Brookfield Corporation, issued two tranches of senior notes totaling $650 million USD (approximately $880 million CAD). This included $200 million USD (about $270 million CAD) of 5.968% notes due March 2054 and $450 million USD (around $610 million CAD) of 5.675% notes due January 2035. Deutsche Bank Securities Inc. and BofA Securities, Inc. served as joint book-running managers. The underwriting syndicate included banks such as Banco Bradesco BBI S.A., BNP Paribas Securities Corp., Desjardins Securities Inc., Itaú BBA USA Securities Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., National Bank of Canada Financial Inc., Natixis Securities Americas LLC, and Santander US Capital Markets LLC. Non-bank underwriters included Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and SG Americas Securities LLC. Underwriting fees totaled approximately $4.675 million USD ($6.3 million CAD), resulting in net proceeds of around $647.5 million USD ($876 million CAD), allocated for general corporate purposes. Legal representation included Torys LLP for BFI and Goodmans LLP for the underwriters.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 880,000,000Deal Status
ClosedClosing Date
21 June 2024