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Brookfield Infrastructure to sell C$500M of notes

Brookfield Infrastructure Partners LP has agreed to sell C$500 million of 3.41% medium-term series 7 notes due Oct. 9, 2029.

Interest on the notes is payable semiannually, according to an Oct. 3 news release. The notes have been rated BBB+ by S&P Global Ratings.

Brookfield plans to use net proceeds from the sale of the notes to redeem its 3.538% medium-term notes due Oct. 30, 2020, to fund a pipeline of investment opportunities, and for general working capital purposes.

The notes are being offered through a syndicate of agents led by RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.