RioCan REIT completes C$250 million offering of Series X senior unsecured debentures

Torys acted as counsel to the underwriters co-led by RBC Capital Markets, TD Securities and BMO Capital Markets with a team that included Patricia Koval, Eric Foster, Miranda Callaghan and Jacob Posen (corporate/securities).

On August 26, 2016, RioCan Real Estate Investment Trust (RioCan) announced that it successfully completed its issuance of C$250 million principal amount of Series X 2.185% senior unsecured debentures, maturing on August 26, 2020. The agency syndicate 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 enterprise value of approximately C$15 billion as at June 30, 2016. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 302 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 45 million square feet.

Further information can be found on RioCan's website.