Federal Realty redeems $150 million of 5.95% notes due Aug. 15, 2014

By Tali Rackner

Minneapolis, Jan. 7 - Federal Realty Investment Trust redeemed all $150 million of its 5.95% notes due Aug. 15, 2014, according to a press release.

The notes were redeemed at 103.36 plus accrued interest on Dec. 27.

The notes were repaid with proceeds from the $300 million 3.95% senior notes issued in December.

Also in December, Federal Realty repaid its $129 million 7.5% mortgage notes due 2014.

The total prepayment premium paid during the fourth quarter for both the 5.95% notes and the 7.5% mortgage notes was $9.4 million.

The real estate investment trust for retail and mixed-use buildings is based in Rockville, Md.

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