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Allied Properties to redeem C$150 million 3.934% bonds on Feb. 16
By Taylor Fox
New York, Feb. 12 – Allied Properties Real Estate Investment Trust plans to redeem in full its C$150 million of 3.934% series B senior unsecured debentures due Nov. 14, 2022 on Feb. 16 with some proceeds of an offering of green senior debentures, according to a news release.
The debentures will be redeemed at a price equal to C$1,051.82 per C$1,000 of debentures, plus interest totaling C$1,519,709.59.
The aggregate redemption price payable by Allied on the redemption date is C$159,292,710.
Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. were the bookrunners.
As previously reported, the proceeds will also be used to repay certain amounts drawn on the company’s unsecured credit facility and for general trust purposes.
Toronto-based Allied Properties is a real estate investment trust that owns, manages and develops office properties in Canada.
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