iStar to Sell $1.2B of Notes

New York-based iStar Financial Inc. has announced that it plans to sell $700 million of fixed-rate notes and $500 million of floating-rate notes.The 5.95% fixed-rate notes, due 2013, will be sold at 99.755 to yield 5.992%. The floating-rate notes, due 2009, will bear interest at 0.34% above the three-month London interbank offered rate. The real estate investment trust said the offering of senior unsecured notes will be made to qualified institutional investors pursuant to Rule 144A and to non-U.S. buyers pursuant to Regulation S under the U.S. Securities Act of 1933. The commercial real estate finance company can be found online at http://www.istarfinancial.com.