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RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s):  RIOCF

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages and develops retail-focused, mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.


TSX:REI.UN - Post by User

Comment by CANCDNon Dec 14, 2020 2:48pm
68 Views
Post# 32101571

RE:RE:$500 million financing closed today, somebody likes this

RE:RE:$500 million financing closed today, somebody likes this

just for clarity, it was 5x oversubscribed by 70 different investment organizations/individuals  

 


hroark7 wrote:

KozmoT 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.


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