Vornado Realty plans sale of 30-year public income notes priced at $25

By Andrea Heisinger

New York, Sept. 22 - Vornado Realty, LP is planning a sale of 30-year public income notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes (Baa2/BBB/BBB) will be priced at $25 each. They are callable on or after Oct. 1, 2014 at par.

Bookrunners are Bank of America Merrill Lynch, Citigroup Global Markets, Morgan Stanley & Co., UBS Investment Bank and Wells Fargo Securities.

Co-managers are Deutsche Bank Securities, Goldman Sachs & Co. and RBC Capital Markets.

Proceeds will be used for general corporate purposes, including repayment of debt and acquisitions.

The operating arm and issuer for real estate investment trust Vornado Realty Trust is based in New York City.

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