TSX:REI.UN - Post by User
Comment by
hroark7on Dec 14, 2020 1:29pm
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Post# 32100901
RE:$500 million financing closed today, somebody likes this
RE:$500 million financing closed today, somebody likes thisKozmoT wrote: "Has closed its previously announced offering of $500 million principal amount of Series AD senior unsecured debentures. The Debentures are RioCan’s second Green Bond. Issued at par, the Debentures carry an annual coupon rate of 1.974% with a five and half-year term, maturing on June 15, 2026. The Debentures were sold on a private placement basis in certain provinces of Canada."
The offering was over-subscribed by 70x (thanks CADCDN for the intel on this). That tells you the confidence the market has in RioCan.