RioCan Real Estate Investment (TSE:REI.UN) has released an update.
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RioCan Real Estate Investment Trust has successfully completed a significant financial move with the issuance of $700 million in senior unsecured debentures. These debentures are divided into two series with varying interest rates and maturity dates, and the proceeds will be used to repay existing debt and for general business purposes. The completion of this offering, along with other financing activities, supports RioCan’s strategy to strengthen its financial position and maintain liquidity.
For further insights into TSE:REI.UN stock, check out TipRanks’ Stock Analysis page.
