Morguard Corporation announced that it has agreed to issue $225 million aggregate principal amount of series E senior unsecured debentures. These debentures will bear interest at a rate of 4.715% per annum and will mature on January 25, 2024. The debentures are being offered on an agency basis by a syndicate of agents with RBC Capital Markets and TD Securities Inc. acting as joint bookrunners and co-lead agents.