Brookfield Secured Bonds Series A
Latitude East
Brookfield Secured Bonds Series A (BSB-sA) are limited recourse mortgage debentures which are secured by a first property mortgage over a 50% interest in an A-grade office building which is located in the Sydney CBD.
Limited recourse means that the liability of the Issuer and the Guarantor Security Providers in respect of the BSB-sA can only be paid or satisfied out of the Secured Property the subject of the Security and the recourse of the Trustee and Holders is limited to the Security.
Key features
- Secured - BSB-sA are secured by a first mortgage over a 50% interest in an A-grade office building located in Sydney CBD known as Latitude East
- First ranking security - No obligations rank equally or ahead of BSB-sA with respect to the Property Owner's 50% interest in the Property
- Income producing - Interest funded by AAA rated tenant, Commonwealth of Australia, under a lease with in excess of 13 years to expiry
- Mortgage debenture - Quarterly fixed interest payments
- Series - First in an expected series of secured bonds to be issued by Brookfield
Key Information about BSB-sA |
|
|---|---|
| Face value: | $100 per bond |
| Term: | 3 years |
| Size: | $57 million |
| Interest rate: | 7.82% per annum |
| Interest period: | Paid quarterly |
| ASX code: | BZAHA |
*Excludes retail component of Property which compries less than 1% of the total net lettable area of the Property.
Important Notice:
Capitalised terms are definded in the Prospectus. Before applying for BSB-sA, you should read the prospectus in full. For a summary of key risks associated with an investment in BSB-sA please refer to the Prospectus.
