RioCan REIT completes C$300 million public offering of Series Z senior unsecured debentures

Torys acted as counsel to the agency syndicate co-led by RBC Capital Markets, TD Securities and BMO Capital Markets with a team that included Simon Knowling and Jacob Posen (corporate/securities).

On April 10, 2017, RioCan Real Estate Investment Trust ("RioCan") announced that it successfully completed its issuance of C$300 million principal amount of Series Z 2.194% senior unsecured debentures, maturing on April 9, 2021. The agency syndicate was co-led by RBC Capital Markets, TD Securities and BMO Capital Markets.

RioCan REIT is Canada's largest real estate investment trust with a total enterprise value of approximately C$14.6 billion as of December 31, 2016. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 300 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 47 million square feet.

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