RioCan REIT completes an additional C$100 million offering of the Series V senior unsecured debentures

On August 11, 2014, RioCan Real Estate Investment Trust (RioCan) announced that it successfully completed its issuance of C$100 million principal amount of Series V senior unsecured debentures, a reopening of the original issuance of which was completed on May 30, 2014. The additional debentures, which carry a coupon rate of 3.746% and will mature on May 30, 2022, were issued at C$1,010.70 per C$1,000.00 for gross proceeds of C$101,070,000 resulting in an effective interest rate of 3.587%.

The underwriting syndicate for the offering was 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 $14.9 billion as at June 30, 2014.

Further information can be found on RioCan's website.