Brookfield Asset Management Inc. announced that it has agreed to issue CAD 350 million aggregate principal amount of medium term notes, including CAD 175 million principal amount of a re-opening of notes with a March 2023 maturity and CAD 175 million principal amount of a re-opening of notes with an April 2019 maturity. The original issuance of the March 2023 Notes was completed in September 2012. The additional March 2023 Notes will have the same coupon of 4.54%, as well as the same terms and conditions as the company's notes issued in September 2012, but will be issued at a price of CAD 102.307 plus accrued interest, with an effective yield of 4.257% if held to maturity.

An aggregate of CAD 600 million of March 2023 Notes will be outstanding after giving effect to this offering. The original issuance of the April 2019 Notes was completed in April 2012. The additional April 2019 Notes will have the same coupon of 3.95%, as well as the same terms and conditions as the company's notes issued in April 2012, but will be issued at a price of CAD 102.247 plus accrued interest, with an effective yield of 3.541% if held to maturity.

An aggregate of CAD 600 million of April 2019 Notes will be outstanding after giving effect to this offering. The company intends to use the net proceeds of the issue to redeem all of its outstanding 8.95% notes that mature on June 2, 2014, to refinance indebtedness that will mature in October 2013 and for general corporate purposes. The notes are being offered through a syndicate of agents led by Scotia Capital Inc., CIBC World Markets Inc. and RBC Capital Markets.