Oct 4 (Reuters) - Public Storage on Monday sold $120 million of depositary shares each representing 1/1000 of a 6.5% cumulative preferred share, Series P, said a market source.
Bank of America Merrill Lynch was the sole bookrunning manager for the sale.
BORROWER: PUBLIC STORAGE
AMT $120 MLN DIVIDEND 6.50 PCT MATURITY PERPETUAL TYPE DEP SHS ISS PRICE 25.0 FIRST PAY N/A MOODY'S Baa1 SHARES 4.8 MLN SETTLEMENT 10/7/2010 S&P TRIPLE-B SPREAD N/A PAY FREQ QUARTERLY FITCH A-MINUS NON-CALLABLE 5 YRS
Keywords: PUBLICSTORAGE DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of America Merrill Lynch was the sole bookrunning manager for the sale.
BORROWER: PUBLIC STORAGE
AMT $120 MLN DIVIDEND 6.50 PCT MATURITY PERPETUAL TYPE DEP SHS ISS PRICE 25.0 FIRST PAY N/A MOODY'S Baa1 SHARES 4.8 MLN SETTLEMENT 10/7/2010 S&P TRIPLE-B SPREAD N/A PAY FREQ QUARTERLY FITCH A-MINUS NON-CALLABLE 5 YRS
Keywords: PUBLICSTORAGE DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.