RioCan Real Estate Investment Trust announced that it has agreed to issue $450 million principal amount of Series AE senior unsecured debentures. This issuance is company?s third Green Bond offering. The Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets and Scotia Capital Inc. The Debentures will be sold at par, carry a coupon rate of 2.829% per annum and mature on November 8, 2028. Subject to customary closing conditions, the offering is expected to close on November 8, 2021. The company intends to use an amount equal to the net proceeds of this offering to finance, in whole or in part, expenditures associated with Eligible Green Projects as described in company?s Green Bond Framework. Prior to allocation of the net proceeds of this offering to Eligible Green Projects, the net proceeds may be initially utilized, in part or in full, for repayments of certain of company?s credit facilities, and ultimately will be allocated to Eligible Green Projects in accordance with company?s Green Bond Framework. The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to company?s trust indenture dated March 8, 2005, as supplemented. The Debentures will rank equally with all other senior unsecured indebtedness of the Trust.