Transaction|July 19, 2013
RioCan REIT completes C$25 million offering of debentures
Torys acted as counsel to the underwriters with a team that included Patricia Koval, Jessica Bullock, Tyson Dyck, Miriam Levin, Mohammed Muraj, Grace Pereira and Simon Williams.
On July 19, 2012, RioCan Real Estate Investment Trust (TSX:REI.UN)(RioCan) completed its issuance of C$25 million principal amount of 3.85% series Q senior unsecured debentures due June 28, 2019. The offering was conducted on an agency basis by a syndicate of agents co-led by RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc. and also included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc. and Raymond James Ltd.
The offering was a reopening of the offering of C$150 million aggregate principal amount of series Q senior unsecured debentures that closed on June 28, 2012.
The debentures bear interest at a rate of 3.85% per annum, payable semi-annually commencing on December 28, 2012. The offering was made under RioCan's base shelf prospectus dated June 11, 2012 and a prospectus supplement dated July 16, 2012.
RioCan REIT is a closed-end real estate investment trust that owns and manages portfolio of shopping centres, with ownership interests in a portfolio of 333 retail properties in Canada and the United States combined, including 10 properties under development.
Further information can be found on RioCan's website.
The offering was a reopening of the offering of C$150 million aggregate principal amount of series Q senior unsecured debentures that closed on June 28, 2012.
The debentures bear interest at a rate of 3.85% per annum, payable semi-annually commencing on December 28, 2012. The offering was made under RioCan's base shelf prospectus dated June 11, 2012 and a prospectus supplement dated July 16, 2012.
RioCan REIT is a closed-end real estate investment trust that owns and manages portfolio of shopping centres, with ownership interests in a portfolio of 333 retail properties in Canada and the United States combined, including 10 properties under development.
Further information can be found on RioCan's website.