New York-based iStar Financial Inc. has priced $1.0 billion of senior unsecured debt in two series of fixed-rate notes.The first series of notes, $500 million of 5.65% senior notes due 2011, was priced at 99.956 to yield 5.658%, iStar reported. The second, $500 million of 5.875% senior notes due 2016, was priced at 99.896 to yield 5.888%. J.P. Morgan, Lehman Brothers, and Wachovia Securities are the joint book-running managers of the offering. The commercial real estate finance company can be found online at http://www.istarfinancial.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry