RioCan Real Estate Investment (TSE:REI.UN) has released an update.
RioCan Real Estate Investment Trust has successfully completed a $300 million offering of Series AK senior unsecured debentures with a 5.455% coupon rate, maturing in 2031. The proceeds are earmarked to repay existing debts. The debentures, rated BBB by major agencies, were sold in Canada through a syndicate of agents, excluding U.S. markets due to regulatory restrictions.
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