iStar Financial $150 million notes talked at 7%-7 1/8%, pricing Tuesday morning

By Paul A. Harris

St. Louis, March 10 - Price talk of 7% - 7 1/8% emerged Monday on iStar Financial Inc.'s upcoming sale of $150 million senior notes due March 2008 (Ba1/BB+/BBB-) according to a syndicate source.

The deal is expected to price on Tuesday, the source added.

Deutsche Bank Securities Inc. is the bookrunner.

Proceeds will be used to repay debt and for general corporate purposes.

iStar is a New York City-based finance company focused on commercial real estate.

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