Allied Properties REIT priced an upsized offering of C$300 million of 3.394% series D senior unsecured debentures due Aug. 15, 2029.

The Canadian company 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 remainder will be used for general trust purposes.

A syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. is offering the debentures on an agency basis, with completion expected on or about Aug. 15.