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Pricing Supplement dated July 15, 1999 Rule 424(b)(3)
(To Prospectus dated February 3, 1999 and File No. 333-67511-01
Prospectus Supplement dated February 3, 1999)
NEW PLAN EXCEL REALTY TRUST, INC.
Medium-Term Notes - Fixed Rate
CUSIP No. 64805E AB8
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Principal Amount: $25,000,000 Interest Rate: 7.50%
Agents' Discount or Commission: $250,000 Original Issue Date: July 30, 1999
Net Proceeds to Issuer: $23,850,000 Stated Maturity Date: July 30, 2029
Interest Payment Dates: January 30 and July 30 (beginning January 30, 2000)
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Day Count Convention:
[X] 30/360
[ ] Actual/360
[ ] Actual/Actual
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
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: ___%
Currency: U.S. Dollars
Specified Currency (if other than U.S. Dollars):
Denominations (if other than $1,000 and integral multiples thereof):
(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
Name of Agent: Lehman Brothers Inc.
Agent acting as: [X] agent [ ] principal
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering price
of ___% of principal amount.
If as agent:
The Notes are being offered at a fixed initial public offering price of
96.4% of principal amount.
Other Provisions:
