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Published on 7/8/2014 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

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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