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Allied Properties REIT starts C$225M series D debenture offering

Allied Properties REIT is offering a minimum of C$225 million of series D senior unsecured debentures on an agency basis.

The Canadian real estate investment trust aims to use the net proceeds to redeem its C$225.0 million of 3.748% series A senior unsecured debentures due May 13, 2020.

The syndicate of agents for the offering is led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.