Brookfield Corporation Announces $700 Million Subordinated Notes Offering

The latest update is out from Brookfield Corporation ( (TSE:BN) ).

Brookfield Corporation has announced the pricing of a $700 million public offering of subordinated notes due in 2055, with an annual interest rate of 6.300% until 2035, after which it will reset every five years based on the U.S. treasury rate. The proceeds from this offering, expected to close on December 17, 2024, will be used for general corporate purposes, enhancing Brookfield’s operational flexibility and financial positioning in the market.

More about Brookfield Corporation

Brookfield Corporation is a leading global investment firm specializing in building long-term wealth for institutions and individuals. The company operates in three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses, which include renewable power, infrastructure, business and industrial services, and real estate. Brookfield is known for its consistent delivery of 15%+ annualized returns to shareholders over more than 30 years, leveraging its extensive operational experience and global sourcing networks. The corporation is publicly traded on the NYSE and TSX under the ticker BN.

YTD Price Performance: 48.25%

Average Trading Volume: 1,791,887

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $89.19B

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