Brookfield Infrastructure (BIP) has released an update.
Brookfield Infrastructure Finance ULC is set to issue $300 million in subordinated notes with a 6.750% fixed-to-fixed reset rate due in 2055, as part of a strategic move to strengthen its financial portfolio. The notes will be fully guaranteed by a group of Brookfield’s subsidiaries, enhancing investor confidence. This issuance underscores Brookfield’s commitment to leveraging its assets for long-term growth and stability.
For further insights into BIP stock, check out TipRanks’ Stock Analysis page.