trending Market Intelligence /marketintelligence/en/news-insights/trending/zCxDcqJ_BMwHgmxi7a0wPw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

SmartCentres to redeem series L debentures

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


SmartCentres to redeem series L debentures

SmartCentres REIT intends to fully redeem its 3.749% series L senior unsecured debentures due Feb. 11, 2021.

The debentures will be redeemed June 25 at C$1,026.90 plus accrued and unpaid interest of C$13.763452 per C$1,000 principal amount.

The shopping center real estate investment trust also secured a C$170 million unsecured loan to help fund the redemption of the debentures, of which about C$150 million was outstanding at the close of business May 22.

The seven-year loan carries a fixed rate of 3.256%.