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New Issue-Taubman Centers Inc sells $175 mln stock
August 3, 2012 / 2:05 PM / 5 years ago

New Issue-Taubman Centers Inc sells $175 mln stock

Aug 3 (Reuters) - Taubman Centers Inc on Friday sold
$175 million of Series J cumulative redeemable preferred stock,
said IFR, a Thomson Reuters service. 
    The size of the deal was increased from an originally
planned $75 million.
    Morgan Stanley and Wells Fargo were the joint bookrunning
managers for the sale.

BORROWER: TAUBMAN CENTERS INC 

AMT $175 MLN    COUPON 6.5 PCT     MATURITY    PERPETUAL
TYPE STK        ISS PRICE 25       FIRST PAY   09/28/2012
MOODY'S NR      YIELD N/A          SETTLEMENT  08/14/2012   
S&P NR          SPREAD N/A         PAY FREQ    SEMI-ANNUAL
FITCH NR                           CALLABLE    08/14/2017

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