- Allied Properties Real Estate Investment Trust (AP.UN) has closed its $500 million offering of senior unsecured debentures
- The debentures bear interest at a rate of 3.095 per cent per annum and mature on February 6, 2032
- The debentures were offered by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
- The debentures are Allied’s second green bond issuance under its Green Financing Framework
- Net proceeds will be allocated to eligible green projects
- Allied is a leading owner, manager and developer of urban workspaces in Canada’s major cities and network-dense urban data centres
- Allied Properties Real Estate Investment Trust (AP.UN) is up 0.045 per cent, trading at C$44.82 per share at 4:15 pm ET
Allied Properties REIT (AP.UN) has closed its $500 million offering of senior unsecured debentures.
The debentures bear interest at a rate of 3.095 per cent per annum and mature on February 6, 2032.
The debentures were offered by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
The debentures are Allied’s second green bond issuance under its Green Financing Framework.
Prior to allocation of the net proceeds of the offering to eligible green projects, Allied intends to use the net proceeds of the offering to prepay approximately $494 million aggregate principal amount of first mortgages and for general trust purposes.
Allied is an owner, manager and developer of urban workspaces and data centres in Canada.
Allied Properties REIT (AP.UN) is up 0.045 per cent, trading at C$44.82 per share at 4:15 pm ET.