BNH Profile
Brookfield Finance Inc 4.625% Subordinated Notes (BNH) is a debt security issued by Brookfield Finance Inc, a subsidiary of Brookfield Asset Management, a global alternative asset manager. The notes were issued in June 2021 and have a maturity date of July 1, 2051.
The notes have a fixed interest rate of 4.625% per annum, which is paid semi-annually on January 1 and July 1 of each year. The notes are subordinate to senior indebtedness of Brookfield Finance Inc and any future subsidiaries, but rank senior to any preferred stock and common stock of Brookfield Finance Inc.
The net proceeds from the offering of these notes were used for general corporate purposes, including the repayment of certain indebtedness. The notes are traded on the New York Stock Exchange (NYSE) under the ticker symbol BNH.
It is important to note that investing in debt securities, such as BNH, involves risks, including interest rate risk, credit risk, liquidity risk, and market risk. The value of the notes may fluctuate based on market conditions, and there is no guarantee of principal repayment. Investors should carefully consider these risks before investing in BNH or any other debt security.
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