Omers Realty sells C$300 million of debentures - term sheet

Mon Jul 22, 2013 2:45pm EDT
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July 22 (Reuters) - Omers Realty Corp on Monday sold C$300 million ($291 million) of Series 3 debentures in a private placement, according to a term sheet seen by Reuters.

The 3.203 percent debt, due July 24, 2020, was priced at par to yield 115 basis points over the Canadian government benchmark.

The investment dealer arms of Canadian Imperial Bank of Commerce, and Royal Bank of Canada were the bookrunning managers of the placement.