BioMed Prices Exchangeable Notes

Published September 21, 2006, 2:00 p.m. EDT

1 Min Read

BioMed Realty Trust Inc., a real estate investment trust based in San Diego, has announced the pricing of a private offering of $150 million of 4.50% exchangeable senior notes by its operating partnership, BioMed Realty LP.The notes, due 2026, will be fully and unconditionally guaranteed by BioMed Realty Trust and will be exchangeable for cash or a combination of cash and shares of BioMed Realty Trust common stock. BioMed, which specializes in developing and managing laboratory and office space in the life science industry, can be found online at http://www.biomedrealty.com.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Secondary markets

Fannie's portfolio dips, but duration gap widens

The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.

By Bonnie Sinnock
Capital Markets Editor

1h ago
Cyber Security

Optimum First hit with class action after recent data breach

The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.

By Spencer Lee
Technology Reporter

1h ago
Artificial Intelligence

AI boom could cause the next economic crash, BIS warns

The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.

By Penny Crosman
Executive Editor, Technology at Arizent

1h ago
Secondary markets

Non-QM issuance on record pace, helped by 'fumbo' mortgages

Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.

By Brad Finkelstein
Originations Editor

2h ago
RMBS

Park Capital's latest alt-doc RMBS raises $343.9 million

Of the alternative documentation used, bank statements looking back 12-23 months, accounted for 41.6% of that group.

By Donna M. Mitchell
Editor

3h ago
Federal Reserve

Supreme Court allows Cook to remain at Federal Reserve

The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House's motion to remove her immediately.

By Kyle Campbell
Staff writer

5h ago

Load More