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New Issue-AvalonBay sells $250 mln in notes
December 5, 2012 / 11:07 PM / 5 years ago

New Issue-AvalonBay sells $250 mln in notes

Dec 5 (Reuters) - AvalonBay Communities Inc on
Wednesday sold $250 million of senior notes, said IFR, a Thomson
Reuters service. 
    Goldman Sachs was the sole bookrunning manager for the sale.

BORROWER: AVALONBAY

AMT $250 MLN    COUPON 2.85 PCT    MATURITY    03/15/2023   
TYPE SR NTS     ISS PRICE 99.22    FIRST PAY   03/15/2013 
MOODY'S Baa1    YIELD 2.939 PCT    SETTLEMENT  12/14/2012   
S&P BBB-PLUS    SPREAD 135 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   NON-CALLABLE   N/A

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