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New Issue-Simon Property sells $1.25 bln in 2 parts
December 11, 2012 / 8:00 PM / 5 years ago

New Issue-Simon Property sells $1.25 bln in 2 parts

Simon Property Group on Monday sold $1.25 billion of
notes in two parts, said IFR, a Thomson Reuters service.
    The five-year notes were sold in the 144a private placement
market.
    Barclays, Citigroup, UBS, Goldman Sachs, Morgan Stanley, and
RBS were the joint bookrunning managers for the sale.

BORROWER: SIMON PROPERTY GROUP, L.P. 

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AMT $750 MLN     COUPON 1.5 PCT      MATURITY 02/01/2018
TYPE NTS         ISS PRICE 99.685    FIRST PAY 08/01/2013 
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TRANCHE 2
AMT $500 MLN     COUPON 2.75 PCT      MATURITY 02/01/2023
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MOODY'S A3       YIELD 2.813 PCT      SETTLEMENT 12/17/2012   
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FITCH A-MINUS     MORE THAN TREAS     MAKE-WHOLE CALL 20BPS

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