Brookfield Infrastructure Issues $150M Subordinated Notes
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Brookfield Infrastructure Issues $150M Subordinated Notes

Brookfield Infrastructure (BIP) has released an update.

Brookfield Infrastructure Finance ULC, a subsidiary of Brookfield Infrastructure Partners, has entered into an underwriting agreement for the sale of $150 million in 7.250% Subordinated Notes due in 2084. These notes, backed by a subordinated guarantee from a group of majority-owned subsidiaries, provide an option for underwriters to purchase an additional $22.5 million in notes. The sale terms include varied purchase prices for retail and institutional investors, as set forth in the agreement.

For further insights into BIP stock, check out TipRanks’ Stock Analysis page.

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