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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$230 million 1.823% series 8 senior unsecured debentures due May 9, 2022.
The series 8 bonds are direct unsecured obligations of Omers Realty and rank pari passu with all other present and future unsecured debt of the company.
Net proceeds will be used to repay certain debt.
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