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DBRS rates Omers Realty debt AA (low)
DBRS said it assigned a final rating of AA (low) with a stable trend to Omers Realty Corp.’s C$175 million 2.858% series 7 senior unsecured debentures due Feb. 23, 2024.
The issue is a reopening of the original series 7 issuance of C$375 million that closed on Feb. 18, 2016.
The agency said the reopening does not change the rating assigned to the original series 7 issuance.
Net proceeds will be used to repay certain debt.
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