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RioCan Real Estate Investment Trust announces offering of $250 million, 7-year Series AF senior unsecured debentures at a coupon rate of 4.628% with an all-in interest rate of 3.829% after including the benefits of its bond forward hedges

Globe Newswire - Wed Apr 6, 2022

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, April 06, 2022 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $250 million principal amount of Series AF senior unsecured debentures (the “Debentures”). This issuance provides additional liquidity to RioCan to support its strategy, pursue opportunities and manage potential risks. Inclusive of the benefit of bond forward hedges, the all-in rate of 3.829% is favourable compared to current market rates and RioCan has an additional $250 million of bond forward contracts in place to hedge future issuances.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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