Allied REIT launches C$225 million minimum offering of debentures

By Cristal Cody

Tupelo, Miss., Aug. 6 – Allied Properties Real Estate Investment Trust launched a C$225 million minimum offering of series D senior debentures on Tuesday, according to a news release.

Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. are the bookrunners.

Allied Properties REIT plans to use the proceeds to redeem its $225 million principal amount of 3.748% series A senior debentures due May 13, 2020 in full.

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

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