FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

NOTE 8: PROPERTY DEBTProperty debt includes the following:Mar. 31, 2012 Dec. 31, 2011(US$ Millions) Weighted Average Rate Debt Balance Weighted Average Rate Debt BalanceUnsecured FacilitiesBrookfield Office Properties’ revolving facility 2.4% $ 271 2.4% $ 264Brookfield Office Properties’ Canadian revolvingfacility 3.2% 120 3.3% 117Brookfield Office Properties’ Senior Notes 4.3% 199 - -Secured Property DebtFixed rate 6.1% 7,313 5.9% 7,946Variable rate 5.8% 7,363 6.8% 7,0605.8% $ 15,266 $ 15,387Current $ 1,260 $ 1,409Non-current 14,006 13,978$ 15,266 $ 15,387Property debt includes foreign currency denominated debt payable in the functional currencies of the borrowingsubsidiaries. Property debt by currency is as follows:Mar. 31, 2012 Dec. 31, 2011(US$ Millions) US$ Balance Local Currency Balance US$ Balance Local Currency BalanceU.S. dollars $ 8,696 $ 8,696 $ 8,753 $ 8,753Canadian dollars 2,256 C$ 2,250 2,033 C$ 2,078Australian dollars 2,996 A$ 2,896 3,148 A$ 3,085Brazilian reais 863 R$ 1,572 1,011 R$ 1,896British pounds 455 £ 284 442 £ 284$ 15,266 $ 15,387NOTE 9: CAPITAL SECURITIESCapital securities include the following Class AAA preferred shares issued by Brookfield Office Properties:(US$ Millions, except share information)SharesOutstandingCumulativeDividend Rate Mar. 31, 2012 Dec. 31, 2011 (1)Class AAA Series F 8,000,000 6.00% $ 201 $ 196Class AAA Series G 4,400,000 5.25% 110 110Class AAA Series H 8,000,000 5.75% 201 196Class AAA Series I - 5.20% - 150Class AAA Series J 8,000,000 5.00% 201 196Class AAA Series K 6,000,000 5.20% 149 146Total $ 862 $ 994(1) Net of transaction costs of $1 million which are amortized to interest expense over the life of the securities using the effective interest ratemethod.On March 30, 2012, Brookfield Office Properties redeemed all of the outstanding Class AAA Series I shares forcash of C$25.00 per share at their carrying amount.Capital securities includes $752 million (2011 – $884 million) repayable in Canadian dollars of C$750 million(2011 – C$903 million).Cumulative preferred dividends are payable quarterly, when declared by the Board of Directors, on the last dayof March, June, September and December. On May 3, 2012 the Board of Directors of Brookfield OfficeProperties declared quarterly dividends payable for the Class AAA Series F, G, H, J and K preferred shares.F-53