Boston Properties Prices $1.0 Billion Offering of Senior Unsecured Notes

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Boston Properties, Inc.
BXP
, a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has agreed to sell $1.0 billion of 3.85% senior unsecured notes due 2023 in an underwritten public offering through Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC, as joint book-running managers. The notes were priced at 99.779% of the principal amount to yield 3.876% to maturity. The notes will mature on February 1, 2023, unless earlier redeemed. The offering is expected to close on June 11, 2012.
Posted In: NewsFinancing
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