Press & Media

 
In the News, All, BXP, CUZ, UDR, KRG, REG, NHI, SPX, DJIA, COMP Alex Pettee, CFA In the News, All, BXP, CUZ, UDR, KRG, REG, NHI, SPX, DJIA, COMP Alex Pettee, CFA

Office REITs find an open door in the bond market

MarketWatch | By Joy Wiltermuth

Top owners of high-quality office properties were among a batch of public real-estate investment trusts that raised nearly $2.5 billion in debt and equity in the past week.

BXP, Inc., formerly known as Boston Properties, borrowed $850 million in the corporate bond market, while Cousin Properties Inc. raised $500 million, according to BofA Global Data.

A total of $29 billion in fresh U.S. investment-grade corporate bonds were issued in the week through Thursday, per BofA Global, with trading levels narrowing about five basis points on average, indicating demand for the debt issuance.

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