DBRS rates Omers Realty debt AA (low)

DBRS said it assigned a rating of AA (low) with a stable trend to Omers Realty Corp.’s C$375 million 2.858% series 7 senior unsecured debentures due Feb. 23, 2024.

The bonds are direct unsecured obligations of Omers, and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of the company.

Net proceeds will be used to repay certain debt of the company.

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