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Simon Property Group Announces The Closing Of Two Senior Notes Offerings

   Simon Property Group Announces The Closing Of Two Senior Notes Offerings

PR Newswire

INDIANAPOLIS, Dec. 17, 2012

INDIANAPOLIS, Dec.17, 2012 /PRNewswire-FirstCall/ --Simon Property Group,
Inc. (NYSE:SPG) announced today that its majority-owned operating partnership
subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has
closed the two debt offerings announced last week:

  oPublic offering of $500 million principal amount of 2.75% senior unsecured
    notes due February 1, 2023 and
  oPrivate offering of $750 million principal amount of 1.50% senior
    unsecured notes due February 1, 2018 to "qualified institutional buyers"
    pursuant to Rule144A under the Securities Act of 1933, as amended (the
    "Securities Act"), and to non-U.S. persons outside the UnitedStates in
    reliance on RegulationS under the Securities Act.

"We are very pleased with the market's positive response to these offerings,"
said David Simon, Chairman and Chief Executive Officer. "The order books had
over $4 billion of demand, and the coupons for these bonds represent the
lowest rates ever achieved for 10 year and 5 year bonds issued by a real
estate investment trust."

About Simon Property Group

Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and the largest
real estate company in the world. The Company currently owns or has an
interest in 331 retail real estate properties in North America and Asia
comprising 241 million square feet. We are headquartered in Indianapolis,
Indiana and employ approximately 5,500 people in the U.S. For more
information, visit the Simon Property Group website at www.simon.com.

SOURCE Simon Property Group, Inc.

Website: http://www.simon.com
Contact: Shelly Doran, +1-317-685-7330 Investors, or Les Morris,
+1-317-263-7711 Media
 
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