Triple Five Group Refinances Edmonton Megamall Debt With Bond ...Middle East

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Triple Five Group Refinances Edmonton Megamall Debt With Bond
Article content (Bloomberg) — A Canadian family that operates some of the largest malls in North America sold a bond to refinance debt linked to a shopping center in Canada after a weekslong marketing effort, according to people familiar with the matter.  Triple Five Group of Cos., which is owned by the Ghermezian family, priced C$1.2 billion ($890 million) of four-year mortgage bonds to yield 7.791% via a subsidiary, according to data compiled by Bloomberg. The proceeds of the bonds will be used to fund general corporate purposes, including repayment of 4% maturities that are set to come due after 10 years in 2024.  Article content Royal Bank of Canada in late August sent invites to deb

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