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INDIANAPOLIS-Simon Property Group announced on Monday it will sell $1.25 billion of notes this month in two separate offerings, one in a public deal and one in a private placement. The public offering consists of $500 million principal amount of 2.75% senior unsecured notes, due Feb. 1, 2023. The sale is expected to close on Dec. 17.

The retail owner and developer said in a release that proceeds are expected to be used for general corporate and partnership purposes. Barclays Capital Inc., Citigroup Global Markets Inc., UBS Securities LLC, Goldman Sachs & Co., Morgan Stanley & Co. LLC and RBS Securities Inc. are joint book-running managers on the deal.  Fifth Third Securities Inc., Mitsubishi UFJ Securities (USA) Inc., SMBC Nikko Capital Markets Limited and U.S. Bancorp Investments Inc. are co-managers.

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