RioCan REIT completes offering of C$150 million of Series V senior unsecured debentures

May 30, 2014

Torys represented the underwriters led by RBC Capital Markets, TD Securities and BMO Capital Markets with a team that included Patricia Koval, Josh Lavine and Tiffany Ramsubick.

On May 30, 2014, RioCan Real Estate Investment Trust (RioCan) announced that it completed its previously announced public offering of C$150 million principal amount of Series V senior unsecured debentures. The debentures carry a coupon rate of 3.746% and will mature on May 30, 2022.

The bought deal offering, announced May 22, 2014, was underwritten by a syndicate co-led by RBC Capital Markets, TD Securities and BMO Capital Markets. 

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.5 billion as at March 31, 2014.

Further information can be found on RioCan’s website.

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