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Calloway REIT redeems C$50 million of 5.37% debentures via offering
By Tali Rackner
Norfolk, Va., July 8 – Calloway Real Estate Investment Trust repurchased C$50 million of its 5.37% series B senior unsecured debentures due Oct. 12, 2016 with the proceeds from a new offering, according to a notice.
Following the transaction, C$150 million of the debentures remains outstanding.
Vaughan, Ont.-based Calloway leases buildings to retailers.
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