Brookfield Secured Bonds are limited recourse mortgage debentures which are secured by a first property mortgage over a 50% interest in an A-grade office building.
Brookfield Secured Bonds Series A (BSB-sA) 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 Sydney CBD.
Limited recourse means that the liability of the Issuer and the Guarantor Security Providers in respect of the BSB-sA 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.
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.