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Allied Properties REIT completes C$300M series D debenture offering

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Allied Properties REIT completes C$300M series D debenture offering

Allied Properties REIT wrapped up a C$300 million offering of 3.394% series D senior unsecured debentures due Aug. 15, 2029.

The Canadian office real estate investment trust will use the net proceeds to fully redeem its C$225.0 million of 3.748% series A senior unsecured debentures due May 13, 2020, on Aug. 16, with the remaining funds intended for general trust purposes.