Dundee REIT upsizes convertibles to C$100 million

New York, Feb. 24 - Dundee REIT said it has upsized its offering of 10-year convertible unsecured subordinated debentures to C$100 million from C$75 million.

The company originally priced the deal after the close on Feb. 23 with a 5.7% coupon and a conversion price of C$30.00 per trust unit.

TD Securities Inc. was underwriter of the bought deal offering.

The Toronto-based business premises real estate investment trust will use proceeds for general trust purposes including funding possible future acquisitions.

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