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Cominar Closes Offering Of C$125 Mln Of 4.274% Debentures

Cominar Real Estate Investment Trust (CUF-UN.TO) Friday closed its public offering of C$125 million aggregate principal amount of 4.274 percent Series 1 senior unsecured debentures due June 15, 2017.

The company intends to use the net proceeds to pay down its debt outstanding under current credit facilities and for general trust purposes.

by RTTNews Staff Writer

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