H&R Real Estate Investment Trust announced a best efforts basis private placement of senior unsecured series T debentures for gross proceeds of CAD 250,000,000 on February 20, 2024. The debentures will be issued for CAD 100 per CAD 100 principal amount, with a coupon rate of 5.457%. The debentures will mature on February 28, 2029.

It is conditional for debentures to be rated at least BBB by DBRS for closing of the transaction. The debentures will rank pari passu with company?s outstanding senior unsecured debentures. The transaction is expected to close on February 28, 2024.