Friday, March 20, 2009

SPG 10.875% 2018 sells $650mm

The debt was heavily oversubscribed and upsized from $500mm. It traded at a discount to their 2019 notes by over 100 bps, and was very rich to A CMBS with over 5,000 bps of spread between the two. The new issue matures in 2018.
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)