Loan & DebtJun 22, 2026, 04:11 PM
Brookfield Property Partners Issues $500M 5.55% Notes Due 2031
AI Summary
Brookfield Property Finance ULC, a subsidiary of Brookfield Property Partners L.P., has issued $500 million in 5.55% Medium Term Notes, Series 8, due June 19, 2031. This issuance is governed by an Eighth Supplemental Indenture to an existing indenture from 2018. The notes feature semi-annual interest payments and provisions for redemption by the issuer or repurchase by holders upon a Change of Control Triggering Event.
Key Highlights
- Brookfield Property Finance ULC issued $500,000,000 in Medium Term Notes.
- The notes carry an interest rate of 5.55% per annum.
- The maturity date for the Series 8 notes is June 19, 2031.
- Interest will be paid semi-annually on June 19 and December 19, starting December 19, 2026.
- The Issuer may redeem the notes at any time at the applicable Redemption Price.
- A Change of Control Triggering Event allows holders to require repurchase at 101% of principal.
- Funded Indebtedness of BPY cannot exceed 70% of Total Consolidated Capitalization.
Price Impact
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