Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item |
Boston Properties to call $850 million of 3.7% notes via new issue
By Susanna Moon
Chicago, Nov. 17 – Boston Properties LP plans to redeem its $850 million principal amount of 3.7% senior notes due Nov. 15, 2018 using proceeds of new notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes are callable with 30 days to 60 days notice. If the notes are redeemed more than 90 days before maturity, the redemption price will be the sum of the greater of par or the present values as of the redemption date of the remaining scheduled payments of principal and interest to maturity excluding accrued interest discounted on a semiannual basis at a rate equal to the yield to maturity of a comparable U.S. Treasury security plus 35 basis points plus accrued interest to the redemption date.
The company said it plans to price fixed-rate senior notes via bookrunners BofA Merrill Lynch, BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Boston-based Boston Properties is the operating subsidiary of real estate investment trust Boston Properties, Inc.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.