07:12 AM EDT, 05/23/2024 (MT Newswires) -- RioCan Real Estate Investment Trust (REI-UN.TO) overnight Wednesday launched a $300 million offering of Series AK senior unsecured debentures.
The debentures will be sold at $99.973 per $100 principal amount, carry a coupon of 5.455% per annum, and mature on March 1, 2031.
The REIT intends to use the proceeds to repay existing debt at maturity.