New Issue: SmartCentres prices C$350 million of 2.757% debentures due 2021

By Wendy Van Sickle

Columbus, Ohio, March 18 – SmartCentres Real Estate Investment Trust priced C$350 million of 2.757% senior unsecured debentures, series T, due 2021 on Monday, according to a news release.

Scotia Capital is the lead left bookrunner, with BMO Capital Markets, National Bank Financial, CIBC Capital Markets, RBC Capital Markets and TD Securities as joint bookrunners

Proceeds will be used to repay debt and for general trust purposes.

SmartCenters is a Toronto-based real estate investment trust specializing in value-oriented retail centers, mostly anchored by Wal-Mart stores, and a joint venture partner with Simon Property Group in Premium Outlets locations in Toronto and Montreal.

Issuer:	SmartCentres Real Estate Investment Trust
Issue:	Senior unsecured debentures, series T
Amount:	C$350 million
Maturity:	June 23, 2021
Coupon:	2.757%
Bookrunners:	Scotia Capital (lead left), BMO Capital Markets, National Bank Financial, CIBC Capital Markets, RBC Capital Markets and TD Securities
Co-managers:	Desjardins Securities, Canaccord Genuity, Raymond James, GMP Securities, iA Securities, Casgrain and HSBC Securities (Canada)
Rating:	DBRS: BBB
Distribution:	Off shelf in Canada
Pricing date:	March 15
Settlement date:	March 25

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