February 24, 2010 / 6:34 PM / in 8 years

New Issue-Federal Realty Investment sells $150 mln

  Feb 24 (Reuters) - Federal Realty Investment Trust (FRT.N) on Wednesday sold $150 million of senior unsecured notes, said IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch and Wells Fargo Securities were the joint bookrunning managers for the sale. BORROWER: FEDERAL REALTY INVESTMENT TRUST AMT $150 MLN      COUPON 5.90 PCT     MATURITY 4/1/2020   TYPE SR NOTES     ISS PRICE 99.812    FIRST PAY 10/1/2010 MOODY‘S Baa1      YIELD 5.924 PCT     SETTLEMENT 3/1/2010 S&P BBB-PLUS      SPREAD 225 BPS      PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE-CALL 35 BPS  

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