RioCan Real Estate Investment Trust completes offering of C$200 million Series AG senior unsecured debentures
On March 6, 2023, RioCan Real Estate Investment Trust (the “Trust”) announced the closing of its previously announced offering of C$200 million principal amount of Series AG senior unsecured debentures. The debentures were sold at a price of C$99.992 per C$100 principal amount, carry a coupon of 5.611% per annum and mature on October 6, 2027.
The debentures were sold on a private placement basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets, Scotia Capital Inc., BMO Capital Markets and CIBC Capital Markets.
The net proceeds of the offering will be used by the Trust to repay existing indebtedness and for general business purposes.
Further information can be found on Globe Newswire’s website.
RioCan is one of Canada’s largest real estate investment trusts. It owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.