Allied Announces Launch of $500 Million Green Bond Offering
TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (TSX:AP.UN)(“Allied”) announced today that it has launched an offering of $500 million aggregate principal amount of series I senior unsecured debentures (the “Debentures”). The Debentures are being offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. Allied intends to provide further details of the offering, including pricing information, when available.
- The Debentures are Allieds second green bond issuance under its previously announced Green Financing Framework, which is available on Allieds website at https://www.alliedreit.com/company/esg/ .
- This second green bond financing is an important step in solidifying our bond market franchise, said Michael Emory, President & CEO.
- Allied makes this offering pursuant to its base shelf prospectus dated June 2, 2021.
- Allied intends to allocate the net proceeds of the offering to fund the financing and/or refinancing of eligible green projects (Eligible Green Projects) as described in the Allied Green Financing Framework (the Framework).