{"id":403123,"date":"2020-12-18T17:05:18","date_gmt":"2020-12-18T22:05:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403123"},"modified":"2020-12-18T17:05:18","modified_gmt":"2020-12-18T22:05:18","slug":"granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/","title":{"rendered":"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwpagebreakafter { page-break-after: always }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGranite Real Estate Investment Trust (\u201c<b>Granite<\/b>\u201d or the \u201c<b>REIT<\/b>\u201d) (TSX: GRT.UN \/ NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (\u201c<b>Granite LP<\/b>\u201d) will redeem in full the outstanding C$250 million aggregate principal amount of Granite LP\u2019s 3.788% Series 2 Senior Debentures due 2021 (the \u201c<b>2021<\/b><b>Debentures<\/b>\u201d). A notice of redemption has been delivered to the registered holder of the 2021 Debentures for a redemption on January 4, 2021 (the \u201c<b>Redemption Date<\/b>\u201d).\n<\/p>\n<p>\nThe 2021 Debentures will be redeemed on the Redemption Date for a redemption price that is equal to the greater of (i) the Canada Yield Price calculated under the trust indenture governing the 2021 Debentures and (ii) the principal amount of the 2021 Debentures, together in each case with accrued and unpaid interest to but excluding the Redemption Date. The Canada Yield Price is a price determined in accordance with the trust indenture based on a specified Government of Canada Yield plus 46 basis points.\n<\/p>\n<p>\nThe following sets out the relevant yields and the redemption price per $1,000 principal amount of the 2021 Debentures:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignc\">\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0\" colspan=\"2\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGovernment of Canada Yield:\n<\/p>\n<\/td>\n<td class=\"bwtopsingle\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwtopsingle\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td colspan=\"2\" class=\"bwtopsingle bwpadl0 bwpadr0 bwvertalignb bwrightsingle bwalignl\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n0.165%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPremium:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrightsingle bwalignl\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n0.460%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRedemption yield:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrightsingle bwalignl\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n0.625%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwsinglebottom bwleftsingle\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwsinglebottom bwrightsingle\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td colspan=\"2\" class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCanada Yield Price:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,015.850\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAccrued and unpaid interest to January 4, 2021:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n18.992\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal Redemption Price:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwdoublebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n$\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrightsingle bwdoublebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,034.842\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><b>ABOUT GRANITE<\/b><\/p>\n<p>\nGranite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns over 110 investment properties representing approximately 47 million square feet of leasable area.\n<\/p>\n<div class=\"bwpagebreakafter\" \/>\n<p><b>OTHER INFORMATION <\/b><\/p>\n<p>\nCopies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators\u2019 System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52351459&amp;newsitemid=20201218005707&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=1&amp;md5=233655a8b7a1910e75c4137d3d21743c\">www.sedar.com<\/a> and on the United States Securities and Exchange Commission\u2019s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52351459&amp;newsitemid=20201218005707&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=429d6c92fff25294a5727ed0911baf9e\">www.sec.gov<\/a>.\n<\/p>\n<p>\nFor further information, please see our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.granitereit.com&amp;esheet=52351459&amp;newsitemid=20201218005707&amp;lan=en-US&amp;anchor=www.granitereit.com&amp;index=3&amp;md5=11a1ab61f4eaeb32192514fb094fbc6b\">www.granitereit.com<\/a> or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal &amp; Investor Services, at 647-925-7504.\n<\/p>\n<p><b>FORWARD LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release may contain statements that, to the extent they are not recitations of historical fact, constitute \u201cforward-looking statements\u201d or \u201cforward-looking information\u201d within the meaning of applicable securities legislation, including the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation. Forward-looking statements and forward-looking information may include, among others, statements regarding Granite\u2019s plans, goals, strategies, intentions, beliefs, estimates, costs, objectives, economic performance, expectations, or foresight or the assumptions underlying any of the foregoing. Words such as \u201cmay\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cwill\u201d, \u201clikely\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cforecast\u201d, \u201cproject\u201d, \u201cestimate\u201d, \u201cseek\u201d, \u201cobjective\u201d and similar expressions are used to identify forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information should not be read as guarantees of future events, performance or results and will not necessarily be accurate indications of whether or the times at or by which future events or performance will be achieved. Undue reliance should not be placed on such statements. Forward-looking statements and forward-looking information are based on information available at the time and\/or management\u2019s good faith assumptions and analyses made in light of its perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances, and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite\u2019s control, that could cause actual events or results to differ materially from such forward-looking statements and forward-looking information. Important factors that could cause such differences include, but are not limited to, the risks set forth in the annual information form of Granite Real Estate Investment Trust and Granite REIT Inc. dated March 4, 2020 (the \u201cAnnual Information Form\u201d) and management\u2019s discussion and analysis of results of operations and financial position for the three months ended September 30, 2020 (\u201cQ3 MD&amp;A\u201d). The \u201cRisk Factors\u201d section of the Annual Information Form and the \u201cRisks and Uncertainties\u201d section of the Q3 MD&amp;A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201218005707r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201218005707\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201218005707\/en\/<\/a><\/span><\/p>\n<p>\nTeresa Neto<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>647-925-7560<br \/>\n<br \/>or<br \/>\n<br \/>Andrea Sanelli<br \/>\n<br \/>Manager, Legal &amp; Investor Services<br \/>\n<br \/>647-925-7504\n<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Banking Professional Services Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 TORONTO&#8211;(BUSINESS WIRE)&#8211; Granite Real Estate Investment Trust (\u201cGranite\u201d or the \u201cREIT\u201d) (TSX: GRT.UN \/ NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (\u201cGranite LP\u201d) will redeem in full the outstanding C$250 million aggregate principal amount of Granite LP\u2019s 3.788% Series 2 Senior Debentures due 2021 (the \u201c2021Debentures\u201d). A notice of redemption has been delivered to the registered holder of the 2021 Debentures for a redemption on January 4, 2021 (the \u201cRedemption Date\u201d). The 2021 Debentures will be redeemed on the Redemption Date for a redemption price that is equal to the greater of (i) the Canada Yield Price calculated under the trust &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 TORONTO&#8211;(BUSINESS WIRE)&#8211; Granite Real Estate Investment Trust (\u201cGranite\u201d or the \u201cREIT\u201d) (TSX: GRT.UN \/ NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (\u201cGranite LP\u201d) will redeem in full the outstanding C$250 million aggregate principal amount of Granite LP\u2019s 3.788% Series 2 Senior Debentures due 2021 (the \u201c2021Debentures\u201d). A notice of redemption has been delivered to the registered holder of the 2021 Debentures for a redemption on January 4, 2021 (the \u201cRedemption Date\u201d). The 2021 Debentures will be redeemed on the Redemption Date for a redemption price that is equal to the greater of (i) the Canada Yield Price calculated under the trust &hellip; Continue reading &quot;Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T22:05:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201218005707r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021\",\"datePublished\":\"2020-12-18T22:05:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/\"},\"wordCount\":806,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201218005707r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\\\/\",\"name\":\"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/","og_locale":"en_US","og_type":"article","og_title":"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 - Market Newsdesk","og_description":"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 TORONTO&#8211;(BUSINESS WIRE)&#8211; Granite Real Estate Investment Trust (\u201cGranite\u201d or the \u201cREIT\u201d) (TSX: GRT.UN \/ NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (\u201cGranite LP\u201d) will redeem in full the outstanding C$250 million aggregate principal amount of Granite LP\u2019s 3.788% Series 2 Senior Debentures due 2021 (the \u201c2021Debentures\u201d). A notice of redemption has been delivered to the registered holder of the 2021 Debentures for a redemption on January 4, 2021 (the \u201cRedemption Date\u201d). The 2021 Debentures will be redeemed on the Redemption Date for a redemption price that is equal to the greater of (i) the Canada Yield Price calculated under the trust &hellip; Continue reading \"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T22:05:18+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201218005707r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021","datePublished":"2020-12-18T22:05:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/"},"wordCount":806,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201218005707r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-reit-issues-notice-of-redemption-of-3-788-senior-debentures-due-2021\/","name":"Granite REIT Issues Notice of Redemption of 3.788% Senior Debentures Due 2021 - 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