Allied Properties Completes $450-Million Green Bond Offering
On September 25, 2025,
Allied Properties Real Estate Investment Trust (TSX: AP.UN), a leading operator
of distinctive urban workspace in Canada's major cities, completed a private
placement of $450-million aggregate principal amount of series N senior unsecured
debentures bearing interest at a rate of 4.667% per annum and maturing on
September 25, 2031. The debentures were issued under Allied's Green Financing
Framework.
The debentures were sold on
an agency basis by a syndicate of agents co-led by RBC Capital Markets and
Scotiabank, and including ATB Capital Markets, CIBC Capital Markets, BMO
Capital Markets and TD Securities. RBC Capital Markets and Scotiabank acted as
sustainability structuring advisors.
Aird & Berlis represented Allied Properties with a team led by Sherri Altshuler and Melanie Cole, and including Liam Tracey-Raymont, Meredith McCann, Ali Kwinter and Teddy Nikolaou (Capital Markets).