First Capital Real Estate Investment Trust announced a private placement to issue series C senior unsecured debentures for aggregate principal amount of CAD 300 million on June 10, 2024. The debentures which will be issued at par, will bear interest at a rate of 5.455% per annum and will mature on June 12, 2032. Subject to customary closing conditions, the transaction is expected to close on June 12, 2024.

The debentures are rated ?BBB (positive)? by Morningstar DBRS.