FWP 1 d362881dfwp.htm FWP FWP

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-181030-01

June 6, 2012

 

LOGO

$300,000,000

4.375% Senior Notes due June 15, 2022

 

Issuer:    Duke Realty Limited Partnership
Ratings (Moody’s / S&P)*:    Baa2/BBB- (stable/stable)
Securities:    Senior unsecured
Format:    SEC registered
Principal Amount:    $300,000,000
Trade Date:    June 6, 2012
Settlement Date:    June 11, 2012 (T+3)
Maturity Date:    June 15, 2022
Interest Payment Dates:    June 15 and December 15, beginning December 15, 2012
Benchmark Treasury:    1.75% due May 15, 2022
Benchmark Treasury Price / Yield:    100-24+ / 1.666%
Spread to Benchmark Treasury:    +280 bps
Yield to Maturity:    4.466%
Coupon:    4.375% per annum (payable semi-annually)
Price to Public:    99.271%
Optional Redemption:    Prior to March 15, 2022 at the Make-Whole Amount of Treasury plus 45 bps. On or after March 15, 2022, the notes will not include a Make-Whole Amount
CUSIP/ ISIN:    26441Y AV9 / US26441YAV92
Joint Book-Running Managers:   

Barclays Capital Inc.

RBC Capital Markets, LLC

Wells Fargo Securities, LLC

Senior Co-Managers:

  

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

Scotia Capital (USA) Inc.

UBS Securities LLC

Co-Managers:   

Credit Suisse Securities (USA) LLC

PNC Capital Markets LLC

SunTrust Robinson Humphrey, Inc.

U.S. Bancorp Investments, Inc.

 

* Note: Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security.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 Securities and Exchange Commission (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 Barclays Capital Inc. toll-free at 1-888-603-5847; RBC Capital Markets, LLC toll-free at 1-866-375-6829; or Wells Fargo Securities, LLC toll-free at 1-800-326-5897.