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Boston Properties prices 5.625% senior notes redemption

Boston Properties Inc. priced the redemption of $700.0 million of 5.625% senior notes due 2020.

The redemption price for the notes, issued by the office real estate investment trust's operating partnership Boston Properties LP, will be approximately $740.7 million, including about $13.5 million of accrued and unpaid interest.

The notes will be fully redeemed Sept. 18. The redemption is partially funded with net proceeds from the $700.0 million offering of 2.900% senior notes due 2030.