On March 7, 2014, Cominar Real Estate Investment Trust completed the re-opening of its offering 4.941% Series 4 senior unsecured debentures due July 27, 2020 in the principal amount of $100 million. The debentures were offered at a price of $1,028.41 per $1.000 principal amount of debentures, plus accrued and unpaid interest for the period from and including January 27, 2014 to, but excluding, the date of the closing of the offering. The effective yield of the debentures (if held to maturity) is 4.425% per annum.
The debentures were sold by a syndicate of agents co-led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including RBC Dominion Securities Inc., Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc.
Cominar is the third largest diversified real estate investment trust in Canada and currently remains the largest commercial property owner in the Province of Québec.