DBRS: Cominar notes BBB (low)

DBRS said it assigned a rating of BBB (low) with a stable trend to an additional C$100 million of 4.23% series 2 senior unsecured debentures due Dec. 4, 2019 issued by Cominar Real Estate Investment Trust.

This issuance is a re-opening of this series 2 bonds of debentures.

The original issuance of the series 2 bonds was rated BBB (low) with a stable trend, DBRS said.

An aggregate of C$300 million of series 2 bonds will be outstanding after giving effect to this offering, the agency said.

The proceeds will be used to repay indebtedness outstanding under the credit facility and for general trust purposes, DBRS said.

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