Allied Properties REIT offering C$200 million of debentures

By Wendy Van Sickle

Columbus, Ohio, May 12 – Allied Properties Real Estate Investment Trust launched an offering of C$200 million of series G senior unsecured debentures, according to a company news release on Tuesday.

The debentures are being offered on an agency basis by a syndicate led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Proceeds will be used to repay amounts drawn on Allied’s unsecured line of credit and for general trust purposes.

Toronto-based Allied Properties is a real estate investment trust that owns, manages and develops office properties in Canada.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.