First Capital Realty will issue debentures worth about $112.1 million. The public offering of Series M senior unsecured debentures will have an 5.60% interest rate and will be due on April 30, 2020. A syndicate of underwriters co-led by TD Securities and RBC Capital Markets has been hired for the issue. The net proceeds will be used by the Canadian owner, developer and operator of supermarket and community shopping centers for development and redevelopment activities, along with acquisitions.
Click here for the release from First Capital Realty.