TORONTO, ONTARIO--(Marketwired - March 21, 2014) - OMERS Realty CTT Holdings Two Inc. ("ORC Holdings"), one of the Oxford Properties group of companies, priced today the previously announced redemption of all of its $180 million principal amount of 4.05% notes due May 5, 2014 (CUSIP No. 682145AA5).
The debentures will be redeemed on March 28, 2014, in accordance with their terms, at a total redemption price of $1,002.89 plus accrued and unpaid interest of $15.8671233 to but excluding the redemption date, both per $1,000 principal amount. Total redemption price, including accrued interest, will be $183,376,282.19 (for the entire $180 million principal amount outstanding). ORC Holdings will provide the specific early repayment premium 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 Holdings.
Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,700 employees and $25 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes over 80 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information about Oxford visit: www.oxfordproperties.com.