By Andrea Heisinger
Omaha, April 28 - AMB Property LP priced an upsized $325 million of 6.3% five-year notes Monday to yield Treasuries plus 320 basis points, market sources said.
The size was increased from $250 million.
The notes (Baa1/BBB/BBB+) priced at 99.853 to yield 6.332%.
Bookrunners were Banc of America Securities LLC, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.
The real estate investment trust is based in San Francisco.
Issuer: | AMB Property LP
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Issue: | Notes
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Amount: | $325 million, increased from $250 million
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Maturity: | June 1, 2013
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Bookrunners: | Banc of America Securities LLC, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc.
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Coupon: | 6.3%
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Price: | 99.853
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Yield: | 6.332%
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Spread: | Treasuries plus 320 bps
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Trade date: | April 28
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Settlement date: | May 1
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Ratings: | Moody's: Baa1
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| Standard & Poor's: BBB
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| Fitch: BBB+
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