Brookfield Infrastructure to Issue $100 Million of Preferred Units
Brookfield Infrastructure priced a bought-deal offering of 4 million Series 19 Preferred Units at $25.00 per unit, aiming to raise gross proceeds of $100 million Canadian dollars. The Series 19 Preferred Units feature a cumulative quarterly distribution initially set at 5.75% annually through September 2031, resetting every five years thereafter based on the 5-year Government of Canada bond yield plus 2.35%.
Key figures
- Offering Price
- 25
- Shares Offered
- 4000000
- Currency
- CAD
- Initial rate
- 5.75%
- Reset spread
- 2.35%
- Greenshoe units
- 2000000
AI analysis
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