TORONTO, ONTARIO, 2016-Aug-27 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today (Aug. 26, 2016) that it has successfully completed its issuance of $250 million principal amount of Series X senior unsecured debentures (the “Debentures”). The agency syndicate was co-led by RBC Capital Markets, TD Securities and BMO Capital Markets. The Debentures will carry a coupon rate of 2.185% and will mature on August 26, 2020.
The offering was made under RioCan’s base shelf short form prospectus dated August 10, 2016. The terms of the offering are described in a prospectus supplement dated August 23, 2016, which was filed with Canadian securities regulators.
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $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. For further information, please refer to RioCan’s website at www.riocan.com.
RioCan Real Estate Investment Trust
Cynthia J. Devine
Executive Vice President,
Chief Financial Officer and Corporate Secretary
Source: RioCan Real Estate Investment Trust