Brascan Issues $540M of Notes

On June 17, 2002, Brascan Corporation issued $540 million of 7-1/8 per cent notes due June 2012. The notes were issued under a multijurisdictional disclosure system prospectus and were offered exclusively in the U.S.

Torys LLP acted for Brascan, with a team that included Phil Brown, Candy Saga, Philip de L. Panet, Rena Shadowitz and Jim Welkoff (tax) in Toronto, and Andy Beck, Geoff Gilbert and Peter Keenan (tax) in New York. The underwriters, Credit Suisse First Boston Corporation, Banc One Capital Markets, Inc., BNP Paribas, Goldman, Sachs & Co., Salomon Smith Barney Inc., CIBC World Markets Inc. and Trilon International Inc., were represented by Christopher Morgan, Jonathan James and Rob Normandeau of Skadden, Arps, Slate, Meagher & Flom LLP.