RioCan prices C$150 mln of debentures

TORONTO | Wed Oct 28, 2009 3:04pm EDT

TORONTO Oct 28 (Reuters) - RioCan Real Estate Investment Trust (REI_u.TO), Canada's largest shopping mall operator, priced C$150 million ($139 million) of senior unsecured debentures, according to a term sheet seen by Reuters on Wednesday.

The 5.65 percent debentures due March 31, 2015, were priced at C$100.259 to yield 5.595 percent, or 288.5 basis points over the Canadian government yield curve.

The underwriting syndicate included the investment dealer arms of Royal Bank of Canada (RY.TO), Bank of Nova Scotia (BNS.TO), Toronto-Dominion Bank (TD.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO) and National Bank of Canada (NA.TO).

($1=$1.08 Canadian) (Reporting by Jeffrey Hodgson; editing by Rob Wilson)

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