On January 21, 2010, First Capital Realty Inc. (TSX: FCR) completed its previously announced public offering of C$125 million principal amount of Series H senior unsecured debentures. These debentures bear interest at the rate of 5.85% and mature on January 31, 2017. The debentures are rated BBB with a stable trend by DBRS and Baa3 (stable) by Moody's Investors Service. These debentures were issued pursuant to the Company's trust indenture dated June 21, 2005, as supplemented and rank pari passu with the Company's outstanding senior unsecured debentures.
The offering was underwritten by a syndicate co-led by RBC Capital Markets and Scotia Capital Inc. and included TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and National Bank Financial Inc.