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RioCan Real Estate Investment Trust Launches $300 Million Offering of Series AK Senior Unsecured Debentures
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RioCan Real Estate Investment Trust Launches $300 Million Offering of Series AK Senior Unsecured Debentures
May 23, 2024 4:22 AM

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.

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