CT Real Estate Investment Trust wrapped up an offering of C$200 million of its series F unsecured debentures.
The securities carry a 3.865% annual coupon and are due Dec. 7, 2027.
The Canadian commercial real estate company intends to use the net proceeds from the offering to reduce outstanding amounts under its credit facilities, with the balance earmarked for general business purposes.
TD Securities and Scotiabank led the debenture offering.
