India, Aug. 12 -- Simon Property Group Inc. (SPG) announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has agreed to sell $700.0 million aggregate principal amount of its 4.375% Notes due 2030, and $800.0 million aggregate principal amount of its 5.125% Notes due 2035.

Combined, the two new issues of senior notes have a weighted average term of 7.8 years and a weighted average coupon rate of 4.775%. The offering is expected to close on August 19, 2025.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });

The Operating Partnership intends to use the net proceeds of the offering to repay all or a portion of its $1.1 billion outstanding principal amount of 3.500% not...