Reckson Associates Realty Corp., Melville, N.Y., has priced an offering of $150 million of 5.15% senior unsecured notes due Jan. 15, 2011.The notes were priced at 99.735 to yield 5.196%, a spread of 168 basis points above the seven-year Treasury rate, Reckson said. Citigroup and J.P. Morgan Securities were the joint bookrunners for the offering. The real estate investment trust, which specializes in office properties in the New York tri-state area, can be found on the Web at http://www.reckson.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27