07:04 AM EDT, 05/22/2025 (MT Newswires) -- CT Real Estate Investment Trust (CRT-UN.TO) late on Wednesday said it will issue $200 million in series J senior unsecured debentures with a 5-year term and a coupon of 4.292% per annum in a private placement.

The debenture offering will be led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets. CT REIT said it expects the debentures, which will be direct senior unsecured obligations, will get a "BBB" rating with a stable trend from Morningstar DBRS.

The debenture offering will close on or about June 9 with the proceeds slated for the repayment of existing debt.