Oxford Successfully Raises $1.1 Billion Through Unsecured Debenture Issue
Debentures Issued by OMERS Realty Corporation, DBRS:AA(low)
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/31/13 -- Oxford Properties Group ("Oxford") is announcing that OMERS Realty Corporation ("ORC"), the largest of the Oxford Properties Group of Companies, yesterday launched a minimum $800 million dual-tranche offering comprised of a 5-year and a 10-year fixed rate notes. Following significant investor demand, the transaction was upsized to $1.1 billion with a $600 million 5-year tranche and a $500 million 10-year tranche. ORC is rated AA (low) with a stable trend by DBRS.
Proceeds from the offering will be used to refinance certain indebtedness of ORC.
The offering will close on June 5, 2013.
RBC Dominion Securities Inc. and CIBC World Markets Inc. acted as joint book runners on the transaction.
Oxford Properties Group is the global real estate investment platform for OMERS with over $22 billion of assets under management and quality portfolios in the office, retail, industrial, multi-family and hotel sectors.
About Oxford
Celebrating our 50th anniversary in 2010, Oxford Properties Group is one of North America's largest commercial real estate investment, development and management firms. Oxford oversees and manages over $22 billion of real estate, including assets belonging to co-owners and investment partners. Oxford's investments include office, retail, hotel, industrial and multifamily residential properties. Oxford is the real estate arm of the OMERS Worldwide group of companies. For more information, visit .
Contacts:
Claire McIntyre
416-350-4734
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Datum: 31.05.2013 - 12:36 Uhr
Sprache: Deutsch
News-ID 1232574
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