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Senior Housing Properties Trust (SNH) prices $350M of senior 30-year bonds with a 5.625% coupon....

Senior Housing Properties Trust (SNH) prices $350M of senior 30-year bonds with a 5.625% coupon. Yield-starved investors again - the size of the deal was bumped from an original amount of $100M. Part of the proceeds will be used to prepay a Fannie Mae loan with current rate of 6.38%. (PR)
Comments (2)
  • knobby
    , contributor
    Comments (67) | Send Message
     
    I'll stick with the common.
    17 Jul 2012, 07:15 PM Reply Like
  • hafen
    , contributor
    Comments (45) | Send Message
     
    Other than, possibly, an institutional investor, I have a difficult time finding a reason not to prefer the common.
    18 Jul 2012, 01:01 AM Reply Like
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