Dundee REIT completes C$150 million Series C senior unsecured debenture offering
On January 21, 2014, Dundee REIT (Dundee) completed its issuance of C$150 million aggregate principal amount of series C senior unsecured debentures. The debentures bear interest at a rate of 4.074% per annum and will mature on January 21, 2020. The underwriting syndicate was co‐led by TD Securities Inc., RBC Capital Markets and Scotia Capital Inc., with TD Securities acting as the sole bookrunner.
The net proceeds of the offering will be used for the repayment of existing indebtedness and for general trust purposes.
Dundee REIT is an unincorporated, open‐ended real estate investment trust. Dundee REIT is focused on owning, acquiring, leasing and managing well‐located, high‐quality central business district and suburban office properties.
Further information can be found on Dundee's website.