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Pricing Supplement dated August 1, 1997 Rule 424(b)(3)
(To Prospectus dated December 6, 1996 and File No. 333-14401
Prospectus Supplement dated December 6, 1996)
COLONIAL REALTY LIMITED PARTNERSHIP
MEDIUM-TERM NOTES-FIXED RATE
CUSIP NO. 195896 AD 7
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AGGREGATE PRINCIPAL AMOUNT: $25,000,000 INTEREST RATE: 6.96%
AGENTS DISCOUNT OR COMMISSION: .60% STATED MATURITY DATE: 8/01/05
NET PROCEEDS TO ISSUER: $24,850,000 ORIGINAL ISSUE DATE: 8/06/97
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Interest Payment Dates: June 15 and December 15, commencing on December 15, 1997
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: % until Redemption Percentage is
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100% of the principal amount
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option of
the holder of the Notes.
Optional Repayment Dates:
Repayment Price: %
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Currency:
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations: $1,000
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [ ] Yes [x] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [x] Book-Entry [ ] Certificated
Principal Amount offered to or through each agent,
$6,250,000 Merrill Lynch & Co., acting as [ ] agent [X] principal
$6,250,000 Lehman Brothers Inc., acting as [ ] agent [X] principal
$6,250,000 NationsBanc Capital Markets, Inc., acting as [ ] agent [X] principal
$6,250,000 UBS Securities LLC, acting as [ ] agent [X] principal
If as principal:
[X] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale (UBS Securities LLC).
[X] The Notes are being offered at a fixed initial public offering price
of 100.00% of principal amount (other than UBS Securities LLC).
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of Principal Amount.
Other Provisions:
The Issuer has appointed NationsBanc Capital Markets, Inc. as an additional
Agent in connection with the offering of the Notes.
