RioCan Real Estate Investment Trust Announces Completion of Public Offering of $150 Million Series V Senior Unsecured Debentu...
May 30 2014 - 8:15AM
Marketwired Canada
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RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that
it has successfully completed its issuance of $150 million principal amount of
Series V senior unsecured debentures (the "Debentures"). The underwriting
syndicate for the offering was co-led by RBC Capital Markets, TD Securities and
BMO Capital Markets. The Debentures carry a coupon rate of 3.746% and will
mature on May 30, 2022.
The offering was made under RioCan's base shelf short form prospectus dated June
11, 2012. The terms of the offering are described in a prospectus supplement
dated May 26, 2014 which was filed with Canadian securities regulators.
About RioCan
RioCan is Canada's largest real estate investment trust with a total
capitalization of approximately $14.5 billion as at March 31, 2014. It owns and
manages Canada's largest portfolio of shopping centres with ownership interests
in a portfolio of 340 retail properties containing more than 82 million square
feet, including 47 grocery anchored and new format retail containing 13 million
square feet in the United States as at March 31, 2014. RioCan's portfolio also
includes 16 properties under development in Canada. For further information,
please refer to RioCan's website at www.riocan.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554
www.riocan.com
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