CT REIT

Syndicate of agents co-led by TD Securities and Scotiabank in connection with the $200 million issue of series F senior unsecured debentures by CT REIT

Client

Syndicate of agents co-led by TD Securities and Scotiabank

Value

$200 million

Service

Capital Markets

Date Closed

January 2018

Industry

REITs

Lead Office

Toronto


 

On January 24, 2018, CT REIT announced that it has agreed to issue $200 million aggregate principal amount of series F senior unsecured debentures with a 9.8-year term and a coupon of 3.865% per annum, priced at a discount on issue to yield 3.866%. The debentures are rated BBB high and are due in December 2027.

CT REIT is an unincorporated, closed end real estate investment trust formed to own income producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totalling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

Osler, Hoskin and Harcourt LLP represented the syndicate of agents for the issue, co-led by TD Securities and Scotiabank, with a team consisting of Chris Murray, Arlene Mack, Blake Binions (Corporate), Jack Silverson (Tax), Rod Davidge, and Kevin Leung (Real Estate).


Team
Arlene Mack

Arlene Mack

Associate, Financial Services

Blake Binions

Blake Binions

Associate, Corporate

Jack Silverson

Jack Silverson

Partner, Taxation

Rod  Davidge

Rod Davidge

Partner, Real Estate