RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

November 03, 2009 08:42 ET

RioCan Real Estate Investment Trust Closes $150 Million Series M Senior Unsecured Debenture

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.

RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) announced today that it has it has closed the $150 million principal amount of Series M senior unsecured debentures issue announced on October 28, 2009. Maturing on March 31, 2015, these debentures carry a coupon rate of 5.65%. The debentures were sold on a bought deal basis by a syndicate co-led by RBC Capital Markets and Scotia Capital.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.

About RioCan
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $7.8 billion as at September 30, 2009. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 247 retail properties, including 13 under development, containing an aggregate of over 59 million square feet. For further information, please refer to RioCan's website at www.riocan.com.

Contact Information

  • RioCan Real Estate Investment Trust
    Rags Davloor
    Senior Vice President & CFO
    (416) 642-3554
    Website: www.riocan.com