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Allied Properties Real Estate Investment Trust ( ($TSE:AP.UN) ) has issued an update.
Allied Properties Real Estate Investment Trust has successfully completed a $450 million green bond offering, issuing series K senior unsecured debentures with a 4.808% annual interest rate, maturing in 2029. The proceeds from this offering will be used to repay a construction loan for 19 Duncan Street in Toronto and redeem series C debentures, aligning with Allied’s Green Financing Framework to support eligible green projects.
More about Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust is a company operating in the real estate investment industry, focusing primarily on owning, managing, and developing urban workspace properties in Canada. The company is known for its commitment to sustainable development and green financing initiatives.
YTD Price Performance: 0.31%
Average Trading Volume: 44,309
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.67B
Learn more about AP.UN stock on TipRanks’ Stock Analysis page.