TORONTO, ONTARIO--(Marketwired - May 30, 2014) -
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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.
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.