By Taylor Fox
New York, Aug. 14 – Partners Value Investments LP and its subsidiary Partners Value Investments Inc. have agreed to issue C$150 million of senior notes due Nov. 15, 2027, according to a news release.
The notes will bear interest at a rate of 4.375% per annum, payable semi-annually.
The proceeds from the sale of the notes will be used for general corporate purposes.
The offer is expected to close on or about Aug. 21.
Partners Value is an investment partnership based in Toronto.
Issuers: | Partners Value Investments LP and Partners Value Investments Inc.
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Securities: | Senior notes
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Amount: | C$150 million
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Maturity: | Nov. 15, 2027
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Coupon: | 4.375%
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Price: | Par
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Trade date: | Aug. 14
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Settlement date: | Aug. 21
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