Canadian REITs Tap Banks, Sending Bond Issuance to Four-Year Low

  • `To me it was a no-brainer,' Allied Properties REIT CFO says
  • Search for value+search for yield=match made in credit heaven

When Allied Properties REIT decided to borrow money this year, Chief Financial Officer Cecilia Williams had two options: tap the public market favored by the industry for the last three years, or borrow directly from the lenders. It was an easy choice.

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