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Omers Realty to sell C$420 million in two tranches of secured bonds
By Cristal Cody
Prospect News, Nov. 8 - Omers Realty Corp. is expected to sell C$420 million in two tranches of Centennial Place senior secured bonds (DBRS: A provisional), according to sources on Thursday.
The deal includes C$210 million of series A bonds due 2022 and C$210 million of series B bonds due 2017.
Proceeds will be used to repay intercompany debt.
The office and retail property owner is a subsidiary of Canadian pension fund Omers Administration Corp.
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