DBRS Rates ORC’s $300 Million Series 4 Senior Unsecured Debentures at AA (low), Stable

DBRS has today assigned a rating of AA (low), with a Stable trend, to $300 million of 2.971% Series 4 senior unsecured debentures due April 5, 2021 (the Bonds), issued by OMERS Realty Corporation (ORC).

The Bonds are the 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.

Note:
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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.