RioCan Real Estate Investment Trust announced a private placement of 6.488% Series AI senior unsecured debentures for gross proceed of CAD 300,000,000 on September 15, 2023. The Debentures will be sold at par, carry a coupon of 6.488% per annum and mature on September 29, 2026. The debentures will rank equally with all other senior unsecured indebtedness.

The transaction is subject to customary closing conditions, and is expected to close on September 29, 2023.