New Issue: Cominar prices C$100 million add on to 4.23% debentures to yield 4.368%

New York, Feb. 5 - Cominar Real Estate Investment Trust (DBRS: BBB) priced a C$100 million add on to its of 4.23% seven-year senior debentures at 99.188 on Tuesday to yield 4.368%, according to the company.

National Bank Financial Inc. and BMO Capital Markets Corp. were the lead managers for the series 2 debentures.

Proceeds will be used to repay amounts outstanding under the company's credit facilities and for general trust purposes.

The original C$200 million of the debentures prices on Nov. 29 at par.

Quebec City-based Cominar REIT owns office, retail and industrial properties in Canada.

Issuer:	Cominar Real Estate Investment Trust
Issue:	Series 2 senior debentures
Amount:	C$100 million
Maturity:	Dec. 4, 2019
Bookrunners:	National Bank Financial Inc. and BMO Capital Markets Corp.
Co-managers:	Desjardins Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd.
Coupon:	4.23%
Price:	99.188
Yield:	4.368%
Pricing date:	Feb. 5
Settlement date:	Feb. 8, with accrued interest
Rating:	DBRS: BBB
Distribution:	Canada

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