Simon Property Group Inc., Indianapolis, has announced that it will sell $1.5 billion of senior notes of its majority-owned partnership subsidiary, Simon Property Group LP, at a yield of 235 basis points above their U.S. Treasury benchmarks. The offering consists of $700 million of 5.3% notes due 2013 and $800 million of 6.125% notes due 2018. The joint book-running managers of the offering are Banc of America Securities LLC, Citi Markets & Banking, Deutsche Bank Securities, and Goldman, Sachs & Co. Simon can be found online at http://www.simon.com.
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