Search Results


CMA
December 15, 2017  

Vornado Catches REIT-Bond Wave

REIT-bond buyers this week snapped up Vornado Realty’s first offering in more than three years, culminating a recent flood of issuance that has pushed the annual total far beyond last year’s record.The New York office REIT’s offering of seven-year notes, with a 3.5% coupon, was increased by $100 million to $450 million. Rated Baa2/BBB/BBB by Moody’s, S&P and Fitch, the bonds priced on Tuesday to yield 3.565%, or 125 bp...


This article is free to subscribers of Commercial Mortgage Alert. If you are a subscriber, please sign in.

If you are not a subscriber, please complete the form below to purchase the article for $19.95.
Credit Card Type
Amex
Master Card
Visa
First Name *
Last Name *
Card Number *
Expiration *
E-mail *
Company
Address *
City *
State/Province *
Zip/Postal Code *
Country

Purchase Article


« BACK