Allied Properties Real Estate Investment Trust (TSE:AP.UN) has released an update.
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Allied Properties Real Estate Investment Trust has successfully completed a $250 million private placement of Series J senior unsecured debentures with a 5.534% annual interest rate, maturing in 2028. The proceeds will be used to repay existing short-term debt. The debentures have been rated ‘BBB’ with a Negative trend by Morningstar DBRS.
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