BAM Mar 2020 45.000 put

OPR - OPR Delayed Price. Currency in USD
0.0000 (0.00%)
As of 9:40AM EST. Market open.
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Previous Close0.2500
Expire Date2020-03-20
Day's Range0.4000 - 0.4000
Contract RangeN/A
Open Interest347
  • Brookfield Markets Green Bond in Canada, Eyes Brazil and India

    Brookfield Markets Green Bond in Canada, Eyes Brazil and India

    (Bloomberg) -- After selling three green project bonds in the U.S. and marketing a new one in Canada, Brookfield Asset Management’s renewable power business is setting its sights on South America and Asia.The Toronto-based company is selling bonds to refinance the existing debt of a pool of four hydroelectric facilities located in Ontario, according to a S&P Global Ratings. The securities are being sold via a private placement.In Brazil, the company is gathering third party assessments on its assets -- early work needed ahead of a potential deal. In India, where the company sees the potential for “rapid growth,” a separate bond is possible in the longer term, said Julian Deschâtelets, a managing director at Brookfield’s renewable power group.With more than $50 billion of renewable power assets on four continents, Brookfield is one of the most active players in the green debt markets in North America. The company raised $1.2 billion by pricing the three bonds backed by U.S.-based assets in the past two years and Brookfield Renewable Partners has raised C$900 million of green corporate bonds in Canada over two separate deals.“We see potential for more growth in the medium term for green debt tied to our actual investments,” said Deschâtelets. “It is about diversifying sources of debt capital.”In Brazil where Brookfield has more than $3.5 billion of renewable power assets, any green debt offering would be its first of that kind out of that country. The potential for a vibrant green bond market is growing as access to cheap loans from state-owned Banco Nacional de Desenvolvimento Economico e Social is reined in under the current government.“There is a great potential for us to be active there,” he said. “For Brazil it would be a local market, local currency.”In India, Brookfield Renewable could issue green project debt in the local currency should market conditions allow, Deschâtelets said. Alternatively, it could be a dollar denominated transaction. “Right now India is more difficult” with local bank and capital markets more challenging, he said. “A lot of issuers are looking to raise capital outside.”Brookfield is in talks to invest $800 million in India’s largest green energy company ReNew Power Ltd., The Economic Times reported on Nov. 8, citing unidentified people familiar with the matter. A press officer for Brookfield declined to comment.Finally, in China, where the firm is pursuing a “measured” growth strategy, the company could consider a green debt deal at some point he said. Brookfield has a roof solar panel operation with Singapore’s GLP Pte Ltd, and the joint venture has issued an $15 million offshore green bond.Investors with green mandates make up just 15% to 20% of accounts taking part in Brookfield’s green bonds so far, Deschâtelets said.Still, it makes sense to have a presence in this asset type because that will grow, Deschâtelets said. “It will be beneficial for us to have done work and issuance because over time it will lead to pricing benefit potentially,” he said.\--With assistance from Pablo Gonzalez.To contact the reporter on this story: Esteban Duarte in Toronto at eduarterubia@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at, Christopher DeReza, Rizal TupazFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Chuck Akre's Biggest Transactions for the 3rd Quarter

    Chuck Akre's Biggest Transactions for the 3rd Quarter

    Guru's firm buys Brookfield, sells Ameritrade and Ubiquiti Continue reading...

  • In Atlanta, malls seek path back to the 'center of the universe'
    American City Business Journals

    In Atlanta, malls seek path back to the 'center of the universe'

    Many American malls are at a crossroads. Some owners are choosing to adapt by turning parking lots into new housing units and office space.

  • Why Current Stock Market Highs Could Be A Warning Sign To Investors: Wealth Advisor
    Investor's Business Daily

    Why Current Stock Market Highs Could Be A Warning Sign To Investors: Wealth Advisor

    A financial advisor for high-net-worth clients shares why current stock market highs could be a warning sign to investors and how to manage market risk.

  • Bloomberg

    Brookfield Assets Cross Half Trillion Dollars, Helped by Oaktree

    (Bloomberg) -- Brookfield Asset Management Inc.’s said its assets swelled to more than half a trillion dollars at the end of the third quarter and it had over $65 billion in capital available to continue its spending spree.Assets ballooned to almost $511 billion after the Toronto-based alternative asset manager closed its purchase of a 61.2% stake in Oaktree Capital Group at the end of the quarter.“All of this positions us well for the coming several years,” Bruce Flatt, Brookfield chief executive officer said in a letter to investors Thursday with its quarterly results. “As our cash generation continues to grow, we will need to decide if, when, and how to return capital to shareholders.”The company’s next round of funds, including credit, should reach $100 billion, he said.Brookfield shares reached a record high of C$77.23 in Toronto and have gained 45% this year for a market value of about C$79 billion ($60 billion).Low RatesInstitutional investors are increasingly looking to alternative assets managers, like Brookfield, with interest rates low and potentially going lower when a global slowdown occurs, Flatt said.With rates in Japan and Europe already in negative territory, Brookfield believes the world is in a new phase of global rates in a range of -2% to 2% for the next five to seven years, he said.“This is particularly relevant for us and will positively impact on all asset values and businesses that generate cash,” he added.Fee-related earnings from the company before performance fees increased 35% year over year, excluding the impact of the Oaktree acquisition, which closed at quarter end, Brookfield said. Brookfield’s net income grew to $1.8 billion during the third quarter, from $941 million during the same period last year, it said.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at, Jacqueline Thorpe, Carlos CaminadaFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • GlobeNewswire

    Brookfield Asset Management Reports Third Quarter 2019 Net Income and FFO

    Net Income almost doubles to $1.8 billion or $0.91 per shareFFO of $826 million or $0.80 per share BROOKFIELD, NEWS, Nov. 14, 2019 --  Brookfield Asset Management Inc..

  • Moody's

    Reliance Industries Limited -- Moody's affirms RIL's Baa2 ratings; outlook stable

    Moody's Investors Service ("Moody's") has affirmed Reliance Industries Limited's (RIL) Baa2 domestic long-term issuer rating and foreign currency senior unsecured rating. At the same time, Moody's has affirmed the Baa2 backed domestic currency senior unsecured debt ratings on the USD denominated bonds issued by Reliance Holding USA, Inc., with a guarantee from RIL.

  • American City Business Journals

    Second office tenant signs lease for Fifth + Broadway tower

    The developer of the $450 million project described the new tenant as just the kind of white-collar firm it's aiming to attract.

  • Moody's

    TerraForm Global Operating LP -- Moody's announces completion of a periodic review of ratings of TerraForm Global Operating LP

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TerraForm Global Operating LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • GlobeNewswire

    Brookfield Closes US$9 Billion Global Private Equity Fund

    BROOKFIELD NEWS, Nov. 04, 2019 -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) announced today the closing of its latest flagship global private.


    Leith Wheeler Investment Funds 3rd-Quarter 2019 Quarterly Review

    Discussion of markets and holdings Continue reading...

  • Why WeWork's turmoil won't hurt San Francisco's office market
    American City Business Journals

    Why WeWork's turmoil won't hurt San Francisco's office market

    WeWork says it has no plans to pull back in the Bay Area — but if it did, there would likely be no shortage of tenants eager to replace them.

  • The skyscraper indicator shows we’re near a market top

    The skyscraper indicator shows we’re near a market top

    Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that persuades mediocre stock investors that everything they touch turns to gold also infects developers who leverage themselves to the hilt with cheap money near the peak of a cycle. In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market.

  • Even before its grand opening, this Navy Yard-area apartment building is nearly full
    American City Business Journals

    Even before its grand opening, this Navy Yard-area apartment building is nearly full

    The newest multifamily building to be developed near Nationals Park in Southeast D.C. isn't open yet, but it's already nearly fully leased. Representatives for Brookfield Properties, Urban Atlantic and the D.C. Housing Authority are slated to hold a ceremonial grand opening Thursday for the Harlow, a 179-unit building at 1100 Second Place SE. The project's quick lease-up suggests demand for rental units in the Capitol Riverfront Business Improvement District remains strong amid a wave of new supply springing up around Nats Park, where the home team moved one game closer Monday night to their first World Series appearance.

  • Moody's

    TerraForm Power Operating LLC -- Moody's assigns Ba3 rating to Terraform Power Operating's new senior unsecured notes; affirms Ba3 CFR; stable outlook

    Moody's Investors Service ("Moody's") today assigned a Ba3 rating to TerraForm Power Operating LLC's (TPO or yieldco) proposed issuance of up to $700 million of senior unsecured notes. Concurrently, Moody's affirmed TPO's Ba3 corporate family rating (CFR) and Ba3-PD Probability of Default rating.

  • Exclusive: Brookfield real estate CEO dishes on megadeveloper's $4.5B bet on San Francisco
    American City Business Journals

    Exclusive: Brookfield real estate CEO dishes on megadeveloper's $4.5B bet on San Francisco

    With 5M and Pier 70, Brookfield Properties is orchestrating two of the biggest real estate developments in San Francisco.

  • These Hedge Funds Sold Brookfield Asset Management Inc. (BAM) A Quarter Too Early
    Insider Monkey

    These Hedge Funds Sold Brookfield Asset Management Inc. (BAM) A Quarter Too Early

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]

  • GlobeNewswire

    Brookfield Asset Management 2019 Third Quarter Results Conference Call and Webcast

    Date:  Thursday, November 14, 2019Time:  11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Oct. 07, 2019 -- Brookfield Asset Management (NYSE:BAM)(TSX:BAM.A)(EURONEXT.

  • GlobeNewswire

    Brookfield Asset Management Completes Acquisition Of 61.2% of Oaktree Capital Management

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) are pleased to announce the completion of Brookfield’s acquisition of approximately 61.2% of Oaktree’s business. In connection with the transaction, Brookfield acquired all of the outstanding Oaktree class A units and approximately 20% of the units of Oaktree Capital Group Holdings, L.P. (“OCGH”) held by the founders, senior management, and current and former employees of Oaktree. The purchase price per unit was, at the election of such unitholders, $49.00 in cash or 1.0770 class A shares of Brookfield (subject to proration).

  • GlobeNewswire

    Poseidon Water Congratulates the National Alliance for Water Innovation (NAWI) Team on $100M DOE Desalination Hub

    Poseidon Water is proud to be part of the National Alliance for Water Innovation (NAWI) Team that was selected to receive $100 million in funding from the U.S. Department of Energy (DOE) to establish a new Energy-Water Desalination Hub.  The Hub’s purpose is to advance state-of-the-art technology and research in desalination.  Poseidon is a national leader in the development of water supply and treatment projects using a public-private partnership approach and manages the award-winning Claude “Bud” Lewis Carlsbad Desalination Plant. Headquartered at Lawrence Berkeley National Laboratory (LBNL) in Berkeley, California, NAWI was created in 2017 to support the U.S. Department of Energy’s Energy-Water Desalination Hub. Along with co-founding laboratories Oak Ridge National Laboratory in Tennessee and the National Renewable Energy Laboratory in Colorado, NAWI brings together a world-class team of industry and academic partners to examine the critical research needed to radically lower the cost and energy consumption required for desalination.

  • GlobeNewswire

    Brookfield Asset Management Announces Results of Conversion of its Series 40 Preferred Shares

    BROOKFIELD, NEWS, Sept. 19, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that after having taken into account all election notices received.

  • GlobeNewswire

    Brookfield Asset Management and Oaktree Capital Group Announce the Anticipated Election Deadline

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) today provided notice that the previously announced election period will expire at 5:00 p.m., New York City time on September 25, 2019 (the “Election Deadline”). The ability of (i) registered holders of Oaktree Class A common units, and (ii) holders of limited partnership units in Oaktree Capital Group Holdings L.P., whose units will be exchanged for equity interests in Oslo Holdings LLC, to elect (pursuant to the election right provided under the previously announced merger agreement) cash consideration or share consideration (subject to proration) will end at the Election Deadline. Election forms received after the Election Deadline will not be accepted.

  • Moody's

    Brookfield Residential Properties Inc. -- Moody's assigns B1 rating to BRPI's proposed $400 million senior unsecured notes

    Moody's Investors Service ("Moody's") assigned a B1 rating to Brookfield Residential Properties Inc.'s ("BRPI") proposed $400 million senior unsecured notes due 2027. The proceeds from the new notes coupled with $200 million from the company's revolving credit facility will be used to refinance the company's existing $600 million senior unsecured notes maturing in December 2020. This offering comes shortly after BRPI received approval from its existing debt holders to combine most of its US and Canadian real estate assets under one corporate structure.