TSX:REI.UN - Post by User
Comment by
CANCDNon Dec 14, 2020 2:48pm
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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.