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| Vornado announces offering of $500 million of unsecured notes Vornado Realty Trust, a New York based real estate investment trust, announced that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has priced an offering of $500 million aggregate principal amount of 4.25% senior unsecured notes due April 1, 2015. Interest on the notes will be payable semi-annually on April 1 and October 1, commencing October 1, 2010. The notes were priced at 99.834% of their face amount to yield 4.287%. The net proceeds of approximately $496 million will be used for general corporate purposes. Subject to customary closing conditions, the offering is expected to close on March 26, 2010. write your comments about the article :: © 2010 Construction News :: home page |