DBRS gives Cominar REIT debentures BBB (low)

DBRS said it assigned a rating of BBB (low) with a stable trend to the C$300 million 4.164% series 9 senior unsecured debentures due June 1, 2022 issued by Cominar Real Estate Investment Trust.

The bonds are direct senior unsecured obligations of Cominar and rank equally and rateably with one another and with all other unsecured and unsubordinated debt of Cominar.

Net proceeds will be used to pay down debt outstanding under the REIT’s unsecured revolving credit facility.

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