FWP 1 dfwp.htm FREE WRITING PROSPECTUS FREE WRITING PROSPECTUS

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-160952-01

August 6, 2009

LOGO

Duke Realty Limited Partnership

$250,000,000 7.375% Senior Notes Due 2015

$250,000,000 8.25% Senior Notes Due 2019

 

   

7.375% Senior Notes Due 2015

  

8.25% Senior Notes Due 2019

Issuer:

  

Duke Realty Limited Partnership

   Duke Realty Limited Partnership

Rating:

  

Baa2/BBB (negative/negative)

   Baa2/BBB (negative/negative)

Securities:

  

Senior unsecured

   Senior unsecured

Format:

  

SEC-Registered

   SEC-Registered

Principal Amount:

  

$250,000,000

   $250,000,000

Settlement Date:

  

August 11, 2009

   August 11, 2009

Maturity Date:

  

February 15, 2015

   August 15, 2019

Treasury Benchmark:

  

2.625% US Treasury Note due 2014

   3.125% US Treasury Note due 2019

Treasury Yield:

  

2.708% (price of 99-19 3/4)

   3.742% (price of 94-31+)

Reoffer Spread:

  

479.2 bps

   463.3 bps

Reoffer Yield:

  

7.50%

   8.375%

Reoffer Price:

  

99.443%

   99.162%

Coupon Rate:

  

7.375% per annum (payable

semi-annually)

  

8.25% per annum (payable

semi-annually)

Interest Payment Dates:

  

February 15 and August 15, beginning February 15, 2010

   February 15 and August 15, beginning February 15, 2010

Optional Redemption:

  

Make-Whole at 50 bps

   Make-Whole at 50 bps

Denominations:

  

$1,000 x $1,000

   $1,000 x $1,000

CUSIP:

  

26441Y AS6

   26441Y AT4

ISIN:

  

US26441YAS63

   US26441YAT47
Joint Book-Running Managers:  

Morgan Stanley & Co. Incorporated

  

$83,333,333

   

Morgan Stanley & Co. Incorporated

   $65,833,333
  UBS Securities LLC   $83,333,333    UBS Securities LLC   $65,833,333
  Wells Fargo Securities, LLC   $83,333,334    Wells Fargo Securities, LLC   $65,833,334
Co-Managers:       

Barclays Capital Inc.

  

$  7,500,000

       Mitsubishi UFJ Securities (USA), Inc.  

$  7,500,000

       Morgan Keegan & Company, Inc.  

$  7,500,000

       RBC Capital Markets Corporation  

$  7,500,000

       RBS Securities Inc.  

$  7,500,000

       Scotia Capital (USA) Inc.  

$  7,500,000

      

U.S. Bancorp

Investments, Inc.

  

$  7,500,000

Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649, UBS Securities LLC toll-free at 1-877-827-6444, ext. 561 3884, and Wells Fargo Securities, LLC toll-free at 1-800-326-5897.