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Canada Life funds SREIT's 15-year £129.6m loan re-paying REC 3 CMBS

Schroder Real Estate Investment Trust (SREIT) has refinanced its outstanding £114.5m securitised debt, with a £129.6m 15-year fixed rate senior loan with Canada Life Investments, diversifying its sources of debt by institution and in duration which was set to mature in 15 months.
By James Wallace
April 17, 2013 | 4:00 P.M.

Bondholders in the Real Estate Capital No. 3 CMBS will be repaid at the April interest payment date, following the Canada Life loan’s funding on Monday.

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