Published on 12/13/2017 in the Prospect News Private Placement Daily.
New Issue: EastGroup places $60 million 3.46% seven-year senior unsecured notes
By Devika Patel
Knoxville, Tenn., Dec. 13 – EastGroup Properties, Inc. said it settled a $60 million private placement of 3.46% seven-year senior unsecured notes with an insurance company on Dec. 12.
EastGroup is a self-administered equity real estate investment trust based in Jackson, Miss.
Issuer: | EastGroup Properties, Inc.
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Issue: | Senior unsecured notes
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Amount: | $60 million
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Maturity: | Seven years
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Coupon: | 3.46%
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Settlement date: | Dec. 12
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Distribution: | Private placement
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