Simon Property Group Inc., Indianapolis, has reported the sale of $500 million of senior unsecured notes by its partnership subsidiary, Simon Property Group LP.The real estate investment trust said the two tranches consisted of $300 million of 3.75% notes due in 2009 and $200 million of 4.90% notes due in 2014. Merrill Lynch & Co and UBS Investment Bank are the joint book-running managers of the offering. The mall and shopping center REIT can be found on the Internet at http://www.simon.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
5h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
7h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
8h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
10h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
10h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18