DBRS Rates ORC’s $300 Million Series 3 Senior Unsecured Debentures AA (low), Stable Trend

DBRS has today assigned a rating of AA (low), with a Stable trend, to the $300 million 3.203% Series 3 senior unsecured debentures due July 24, 2020 (the Bonds), issued by OMERS Realty Corporation (ORC).

The Bonds are direct senior unsecured obligation of ORC and rank equally and rateably with other unsecured and unsubordinated indebtedness of ORC. ORC intends to use the proceeds from the offering to repay certain indebtedness.

Notes:
All figures are in Canadian dollars unless otherwise noted.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Real Estate Entities, which can be found on our website under Methodologies.