Brookfield Secured Bonds Series B
Southern Cross West
Brookfield Secured Bonds Series B (BSB-sB) 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 Melbourne CBD.
Limited recourse means that the liability of the Issuer and the Guarantor Security Providers in respect of the BSB-sB 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-sB are secured by senior mortgage over a 50% interest in an A-grade office building located in Melbourne CBD known as Southern Cross West
- First ranking security - No obligations rank ahead of BSB-sB with respect to the Property and no further encumbrances can be placed on the asset (via negative pledge)
- Income producing - Interest funded by AAA rated tenant, Australia Post, under a lease with 10 years to expriy and fixed annual rent increase of 4% per annum
- Mortgage debenture - Fixed interest providing stable, predictable cash flow for life of BSB-sB
- Series - Second in the series of secured bonds to be issued by Brookfield
Key Information about BSB-sB
|
| Face value: |
$100 per bond |
| Term: |
3 years |
| Size: |
$65 million |
| Interest rate: |
8.79 % |
| Interest period: |
Paid quarterly |
| ASX code: |
BZBHA |
Important Notice:
Capitalised terms are definded in the Prospectus. Before applying for BSB-sB, you should read the prospectus in full. For a summary of key risks associated with an investment in BSB-sB please refer to the Prospectus.