01:26 PM EDT, 03/11/2026 (MT Newswires) -- RioCan Real Estate Investment Trust (REI-UN.TO) on Wednesday said it completed the issue of $200 million principal amount of Series AQ senior unsecured debentures.

RioCan said the debentures were sold at a price of $100 per $100 principal amount, carry a coupon rate of 4.308% per year payable semi-annually and mature on March 11, 2033.

The proceeds will be used by the trust to repay existing debt at or prior to maturity and the balance of the proceeds, if any, will be used for general business purposes.

Morningstar DBRS assigned the debentures a credit rating of BBB with a Positive trend.

"The Debentures rank equally with all other senior unsecured indebtedness of the Trust," added RioCan.

RioCan's units were last seen down $0.14 at $19.01 on the Toronto Stock Exchange.

Price: 19.01, Change: -0.14, Percent Change: -0.73