TSX:REI.UNRetail REITs
RioCan’s New CA$200 Million Unsecured Debentures Could Be A Game Changer For RioCan Real Estate Investment Trust (TSX:REI.UN)
RioCan Real Estate Investment Trust recently agreed to issue CA$200,000,000 of Series AQ senior unsecured debentures, carrying a 4.308% coupon and maturing March 11, 2033, in a privately placed offering that closed after Morningstar DBRS confirmed its BBB issuer and debenture ratings with a Positive trend.
A key feature of this financing is that the new debentures will rank equally with RioCan’s existing senior unsecured debt, while the Positive trend on its BBB rating may broaden access to...