By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – Artis Real Estate Investment Trust priced C$250 million of 3.824% three-year unsecured debentures, series D, on Tuesday, according to a news release.
BMO Capital Markets and Scotia Capital Inc. were the bookrunners for the debentures (DBRS: BBB).
Artis REIT, a Winnipeg, Man.-based Canadian real estate investment trust with investments in office, industrial and retail properties, plans to use the proceeds to repay credit facility debt.
| Issuer: | Artis Real Estate Investment Trust
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| Amount: | C$250 million
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| Maturity: | Sept. 18, 2023
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| Securities: | Debentures
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| Bookrunners: | BMO Capital Markets and Scotia Capital Inc.
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| Coupon: | 3.824%
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 18
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| Rating: | DBRS: BBB
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| Distribution: | Canada
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