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Boston Properties Prices $1B Green Bonds Offering

The real estate investment and development company estimated net proceeds from the pending offering to be approximately $988.1 million.

The Salesforce Tower project in San Francisco is expected to receive financing from the green bonds offering. The Salesforce Tower project in San Francisco is expected to receive financing from the green bonds offering.

BOSTON—Boston Properties Inc. has priced a $1-billion offering of senior unsecured notes and has earmarked proceeds, which are projected to be more than $988 million, to finance or refinance its existing or planned green projects nationwide.

The company reports that its operating partnership, Boston Properties Limited Partnership has agreed to sell $1 billion of 4.500% senior unsecured notes due 2028 in an underwritten public offering.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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