REIT LP Prices $300MM of Notes

Boston Properties Inc., Boston, has reported the pricing of $300 million of 5.625% senior unsecured notes by its operating partnership, Boston Properties LP.The notes were priced at 99.898 to yield 5.636%. The real estate investment trust said it intends to use the proceeds of the offering to repay secured debt and for general business purposes. The notes have been offered only to "qualified institutional buyers" and to certain foreign investors, Boston Properties said. The office and industrial REIT can be found online at http://www.bostonproperties.com.

Processing Content

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More