New Issue-AMP Property sells $500 mln notes

Tue Nov 17, 2009 9:15pm GMT
[-] Text [+]

  Nov 17 (Reuters) - AMP Property LP (AMB.N: Quote, Profile, Research) on Tuesday sold
$500 million of notes in two parts, said IFR, a Thomson Reuters
service.
  Bank of America Merrill Lynch, JP Morgan, and Morgan
Stanley were the joint bookrunning managers for the sale.
BORROWER: AMB PROPERTY LP
AMT $250 MLN      COUPON 6.125 PCT    MATURITY 12/1/2016 
TYPE NOTES        ISS PRICE 99.407    FIRST PAY 6/1/2010 
MOODY'S Baa1      YIELD 6.23 PCT      SETTLEMENT 11/20/2009
S&P TRIPLE-B      SPREAD 337.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
AMT $250 MLN      COUPON 6.625 PCT    MATURITY 12/1/2019 
TYPE NOTES        ISS PRICE 99.47     FIRST PAY 6/1/2010 
MOODY'S Baa1      YIELD 6.698 PCT     SETTLEMENT 11/20/2009
S&P TRIPLE-B      SPREAD 337.5 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS


 
 
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