INDIANAPOLIS — Indianapolis-based shopping center owner Simon Property Group has announced plans for a public offering of 20 million shares of its common stock. The offering will be priced at $50 per share, and proceeds will be contributed to Simon Property Group LP, the company’s majority-owned operating partnership subsidy, which will use it for general corporate purposes. Merrill Lynch & Co. and J.P. Morgan Securities are the joint book-running managers for the offering. In addition, Simon Property Group LP has agreed to sell $600 million of its 6.75 percent senior unsecured notes, which are due in 2014, in an underwritten public offering through Citigroup Global Markets. The notes are priced at 98.96 percent of the principal amount to yield 7 percent at maturity. The offering is expected to close on May 15. Deutsche Bank Securities, UBS Securities, and Goldman, Sachs & Co. are the joint book-running managers.
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