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New Issue-Camden Property Trust sells $500 mln in two parts
May 31, 2011 / 8:20 PM / in 6 years

New Issue-Camden Property Trust sells $500 mln in two parts

  May 31 (Reuters) - Camden Property Trust (CPT.N) on Tuesday sold $500 million of notes in two parts, said IFR, a Thomson Reuters service.
 Bank of America Merrill Lynch, Deutsche Bank and JP Morgan were the joint active bookrunning managers for the sale. BORROWER: CAMDEN PROPERTY TRUST TRANCHE 1                                                 AMT $250 MLN      COUPON 4.625 PCT    MATURITY 6/15/2021  TYPE NTS          ISS PRICE 99.404    FIRST PAY 12/15/2011 MOODY‘S Baa1      YIELD 4.70 PCT      SETTLEMENT 6/3/2011 S&P TRIPLE-B      SPREAD 165 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS TRANCHE 2                                                 AMT $250 MLN      COUPON 4.875 PCT    MATURITY 6/15/2023  TYPE NTS          ISS PRICE 98.878    FIRST PAY 12/15/2011 MOODY‘S Baa1      YIELD 5.00 PCT      SETTLEMENT 6/3/2011 S&P TRIPLE-B      SPREAD 195 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS   

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