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Simon Property plans to redeem all 6.125%, 7.375% notes due 2018
By Tali Rackner
Norfolk, Va., Nov. 19 – Simon Property Group, LP called all $800 million of its 6.125% notes due 2018 and all $200 million of its 7.375% notes due 2018, according to a press release.
The notes will be redeemed on Dec. 21.
The 6.125% notes will be redeemed at $1,115.95 per $1,000 principal amount, and the 7.375% notes will be redeemed at $1,149.08 per $1,000 principal amount.
The issuer is the operating partnership subsidiary of Simon Property Group, Inc., an Indianapolis-based real estate investment trust for retail properties.
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