Boston Properties Inc., a Boston-based real estate investment trust, has announced the pricing of $750 million of exchangeable senior notes issued by its subsidiary Boston Properties LP.The offering had an initial exchange rate of 6.6090 common shares per $1,000 principal amount of the notes, representing an exchange price of approximately $151.31 per common share, the REIT reported. The initial purchasers have been granted an option to buy up to $112.5 million in additional notes to cover any overallotments. The REIT can be found online at http://www.bostonproperties.com.
REIT Prices Note Offering
February 01, 2007, 3:00 p.m. EST 1 Min Read
