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Published: Wednesday, 4/27/2005

Health Care REIT to issue 10-year notes

Health Care REIT Inc. notified the U.S. Securities and Exchange Commission yesterday that it plans to sell $250 million in notes to repay borrowings that carry higher interest rates.

Brokers said the new 10-year notes will have an interest rate of 5.875 percent. The Toledo real-estate investment trust said yesterday it will redeem some debt with interest rates near or above 8 percent - including $100 million in notes due in early 2008.

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