DBRS assigns Omers notes AA

DBRS said it assigned an AA (low) rating to Omers Realty Corp.’s C$600 million of 5.381% series 13 senior unsecured debentures due Nov. 14, 2028.

The rating is based on the rating of an already-outstanding series of debentures, the agency said.

Omers plans to use an amount equal to the net proceeds for financing or refinancing eligible green projects.

The trend is negative.

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