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Financings

RioCan completes $200-million debenture issuance

By The Northwire Desk — AI Analysis Mar 11, 2026 · 19:42 REI · 19.09 RioCan Real Estate Investment Trust
REI · Price

Executive Summary

  • RioCan Real Estate Investment Trust has completed the issuance of $200 million in principal amount of Series AQ senior unsecured debentures.
  • The debentures carry a coupon rate of 4.308% per annum, payable semi-annually, and mature on March 11, 2033.
  • Net proceeds are designated primarily for the repayment of existing indebtedness, with any remaining balance allocated to general business purposes.

Key Details

  • Principal Amount: $200 million.
  • Instrument Type: Series AQ senior unsecured debentures.
  • Price: $100 per $100 principal amount.
  • Coupon Rate: 4.308% per annum, payable semi-annually in arrears.
  • Maturity Date: March 11, 2033.
  • Use of Proceeds: Repayment of existing indebtedness at or prior to maturity; balance for general business purposes.
  • Underwriters/Agents: Syndicate co-led by TD Securities, Desjardins Capital Markets, RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, and Scotia Capital.
  • Credit Rating: BBB with a positive trend, assigned by Morningstar DBRS.
  • Ranking: Equally ranked with all other senior unsecured indebtedness of the trust.
  • Indenture: Issued pursuant to RioCan's trust indenture dated March 8, 2005, as supplemented.
Read the original news release →

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