May 24 (Reuters) - Timbercreek Financial Corp TF.TO
* Timbercreek financial announces $40 million bought offering of convertible debentures
* Timbercreek -underwriters will purchase $40 million aggregate principal amount of 5.30% convertible unsecured subordinated debentures at $1,000 per debenture
* Timbercreek financial corp says will use net proceeds of offering to repay amounts owing under its secured revolving credit facility
* Timbercreek financial corp says debentures will mature on june 30, 2024 and will accrue interest at rate of 5.30% per annum Source text for Eikon: ID:nCCNStN7ca Further company coverage: TF.TO