Archstone-Smith Operating Trust call several series of notes

By Jennifer Chiou

New York, Oct. 5 - Archstone-Smith Operating Trust will redeem all of its 4.861% notes due 2007, 6?% notes due 2008, 3% notes due 2008, 7.55% notes due 2008, 6.95% notes due 2008, 7% notes due 2009, 7?% notes due 2009, 7.15% notes due 2010, 7.65% notes due 2010, 5¼% notes due 2010, 6½% notes due 2012, 7.2% notes due 2013, 7½% notes due 2014, 5?% notes due 2014, 5¼% notes due 2015, 8.1% notes due 2015, 7.9% notes due 2016, 5¾% notes due 2016, 8.15% notes due 2016 and 8.05% notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date is Nov. 5.

The company said it will redeem the notes at a total redemption price of $2,470,624,080, which represents 107.83% of the principal amount of the 1994 indenture notes, including accrued interest to the redemption date and a make-whole premium.

The company will also redeem all of its 7¼% notes due 2009 and 7.86% notes due 2017 for $86,551,276, which represents 119.38% of the principal amount of the 1997 indenture notes, including accrued interest to Nov. 5 as well as a make-whole premium.

Archstone-Smith is an Englewood, Colo., real estate investment trust.

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