Pricing Supplement dated November 1, 1996 Rule 424(b)(3)
(To Prospectus dated May 24, 1996 and File no. 33-61383
Prospectus Supplement dated May 24, 1996)
NEW PLAN REALTY TRUST
Medium-Term Note - Fixed Rate
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Face Amount: $10,000,000
Issue Price: 100%
Interest Rate: 7.68%
Interest Payment Dates: March 10 and September 10
Regular Record Dates: February 23 and August 26
Stated Maturity Date: November 2, 2026
Denominations (if other than
$1000 and integral multiples thereof): _________________
Trade Date: October 29, 1996
Original Issue Date: November 1, 1996
Net Proceeds to Issuer: $9,943,500
Agent's Commission: $56,500
Name of Agent: Lehman Brothers Inc.
Agent acting in the capacity indicated below:
___ As Agent
x As Principal
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Day Count Convention:
x 30/360 for the period from November 1, 1996 to November 2, 2026
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___ Actual/360 for the period from to
___ Actual/Actual for the period from to
___ Other (see attached) to
Redemption:
x The Notes cannot be redeemed prior to the Stated
--- Maturity Date.
___ The Notes may be redeemed prior to Stated Maturity
Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until
Redemption Percentage is 100% of the Principal
Amount.
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 Date(s):
Repayment Price: %
Original Issue Discount: ___ Yes X No
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Total Amount of OID:
Yield to Maturity:
Initial Accrued Period:
Form: x Book-entry ___ Certificated
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