H&R REAL ESTATE INVESTMENT TRUST  H&R FINANCE TRUST  8.  Debentures payable (continued):  9. Bank indebtedness:  Notes to Combined Financial Statements   (In thousands of dollars, except unit and per unit amounts)  Years ended December 31, 2010 and 2009  In February 2010, the REIT repaid the outstanding Non-Convertible Debentures having an aggregate face value of  $200,000 for a total repurchase price of $229,989. The repurchase price included accrued interest of $2,237. The REIT  recognized a one-time non-recurring charge to the consolidated statement of earnings of $38,834, representing the  difference between the repurchase price, excluding accrued interest expense, and the carrying value of the Non- Convertible Debentures of $188,918.  The REIT has the following facilities:  The REIT may increase the general operating facility to a maximum amount of $300,000 upon providing further  properties as security. Included in bank indebtedness at December 31, 2010 are U.S. dollar denominated amounts of $101 (2009 - U.S.  $33). The Canadian equivalents of these amounts are $100 (2009 - $35). The U.S. dollar bank indebtedness  bears interest at LIBOR rates.  The REIT entered into an interest rate swap that is intended to limit its interest rate exposure during the term of the  Bow Facility. As at December 31, 2010, the expected annual effective interest rate for the Bow Facility, including  the cost of the swap, is 4.65% (2009 - 6.90%). The fair value of this interest rate swap as at December 31, 2010 is  a liability of $2,897 (2009 - asset of $3,463) resulting in an unrealized loss of $6,360 for the year ended December  31, 2010 (2009 - unrealized gain of $3,463).  (b) A secured construction financing facility for the REIT’s development project, the Bow (the “Bow Facility”). The Bow  Facility consists of a non-revolving term construction credit facility in the amount of $425,000 available by way of  prime loans, bankers’ acceptances and/or letters of credit. As at December 31, 2010, the REIT has drawn $26,442  under the Bow Facility and the amount available at December 31, 2010 is $398,558. The initial maturity date of the  Bow Facility is October 22, 2012. (a) A general operating facility which is secured by fixed charges over certain income properties due on December 31,  2012. The total facility as at December 31, 2010 is $295,300 (2009 - $284,650) and can be drawn in either  Canadian or U.S. dollars (to a maximum of $100,000 Canadian for U.S. borrowings). The amount available at  December 31, 2010, after taking into account the bank indebtedness drawn of $62,603 (including amounts  disclosed in note 25) (2009 - $13,560) and the outstanding letters of credit and other items, is $188,148 (2009 -  $236,716). The Canadian dollar bank indebtedness bears interest at rates approximating the prime rate of a  Canadian chartered bank. At December 31, 2010, the Canadian prime interest rate was 3.00% (2009 - 2.25%) per  annum. 20 