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SPG Likes Leverage So Much It Upsizes Bond Offering

Submitted by Tyler Durden on 03/20/2009 16:24 -0400

Bond

Simon Property Group's new "A3/A-" bond issue, which is pricing at a 10.875% yield just got upsized from $500 million to $650 million. Just like the marginal buyers of the MGM 13s of 13 are now very sorry, we smell something quite comparable happening here oh so soon.

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