RioCan Real Estate Investment Trust announced that it has closed its previously announced issuance of $300 million principal amount of Series AJ senior unsecured debentures (the ?Debentures?). The Debentures carry a coupon of 5.470% per annum and mature on March 1, 2030. Inclusive of the benefit of bond forward hedges, the Trust?s all-in interest rate is 5.452% per annum.

The net proceeds of this offering will be used by the Trust to repay existing indebtedness at maturity. The Debentures were sold on a private placement basis in certain provinces of Canada. The offering was made on an agency basis by a syndicate of agents co-led by TD Securities, BMO Capital Markets, Desjardins Securities Inc., CIBC Capital Markets, RBC Capital Markets and Scotia Capital Inc.