Welltower (WELL) is looking to raise at least CA$700 million ($492 million) in a two-part bond deal, Bloomberg reported Monday, citing people familiar with the matter.
Welltower has commenced the sale of five- and seven-year notes. Initial price discussions for the seven-year bond are about 0.95 percentage point above government debt, according to the report.
Proceeds will be used for general purposes, including debt repayment, the report added.
Welltower did not immediately respond to a request for comment by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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