The borrowing will be done by selling EOP InterNotes in $1,000increments at various interest rates and terms. The first notesbeing issued are at four- and six-year terms at fixed rates of4.75% and 5.25%, respectively.
Although the notes are being sold by its operating partnershipsubsidiary, they are guaranteed by Equity Office Properties Trust,the largest US office REIT with a 123-million-sf portfolio. Banc ofAmerica Securities LLC and Incapital LLC are joint lead managersand lead agents for the EOP InterNotes sale.
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