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Boston Properties closes $700M senior notes offering

The operating partnership of Boston Properties Inc. completed a $700.0 million offering of 2.900% senior notes due 2030.

The office real estate investment trust aims to use the net offering proceeds, estimated to be about $693.8 million, to finance the redemption of the $700.0 million of its outstanding 5.625% senior notes due 2020, to be redeemed Sept. 18.