On Feb. 12, Allied Properties Real Estate Investment Trust (“Allied”) completed a $600 million debt offering of 1.726 per cent series H senior unsecured debentures pursuant to a prospectus supplement dated Feb. 5, 2021 to a short form base shelf prospectus dated Nov. 19, 2019. The debentures are Allied’s inaugural Green Bond issuance under its recently announced Green Financing Framework. The debentures were offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
Aird & Berlis LLP represented Allied with a team comprising
David Mba (corporate and securities),
Neill Kalvin (real estate),
Barbara Worndl (tax).
Stikeman Elliott LLP represented the syndicate of underwriters as Canadian counsel with a team comprising
Hayley Gilbert (corporate and securities),
Kevin Chen (real estate).