Allied Properties REIT issue of $600 million Green Bond offering

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
Margaret Nelligan,
Sherri Altshuler,

Melanie Cole,
Liam Tracey-Raymont,

Amy Marcen-Gaudaur,
Russell Sanders,

Meredith McCann,
David Mba (corporate and securities),

Mike Smith,
Neill Kalvin (real estate),

Barbara Worndl (tax).

Stikeman Elliott LLP represented the syndicate of underwriters as Canadian counsel with a team comprising
Colin Burn,
Benjamin Jain,

Hayley Gilbert (corporate and securities),
Kevin Chen (real estate).