Oxford Properties Group

Oxford Properties Group

January 25, 2016 08:00 ET

OMERS Realty Corporation to Redeem C$170 Million of Debt Securities

TORONTO, ONTARIO--(Marketwired - Jan. 25, 2016) - OMERS Realty Corporation ("ORC"), one of the Oxford Properties group of companies, advised the Trustee it will exercise its right to redeem all of its C$170 million principal amount of 4.75% notes due May 5, 2016 (CUSIP No. 68216KAA0), pursuant to the terms of the trust indenture dated May 5, 2009.

The redemption price will include a make-whole amount related to the early repayment together with accrued and unpaid interest on the principal amount being redeemed to but excluding the expected date for redemption, being February 23, 2016. ORC will provide required details to the Trustee in accordance with the terms of the trust indenture.

Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution which holds interests in their notes on their behalf.

This release is for informational purposes only and is not an offer to buy any securities of ORC.

Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired in 2001 by OMERS, one of Canada's largest pension funds with over $72 billion in assets. Oxford has regional offices in Toronto, London and New York, each with investment, development and management professionals who have deep real estate expertise and local market insight.

Contact Information

  • Oxford Properties Group
    Claire McIntyre
    416.350.4734