Choice Properties Real Estate Investment Trust has successfully completed its inaugural green bond issuance through a private placement, raising $350 million in aggregate principal amount. The offering involved Series Q senior unsecured debentures bearing an interest rate of 2.456 percent per annum, set to mature on November 30, 2026.

CIBC acted as the lead in a syndicate of agents supporting the transaction.

The green bond issuance reflects Choice Properties REIT’s commitment to sustainable financing and supports projects with environmental benefits, aligning with broader ESG (environmental, social, and governance) trends in the Canadian real estate and capital markets.