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PRICING SUPPLEMENT DATED NOVEMBER 12, 1999 Rule 424(b)(3)
(TO PROSPECTUS DATED SEPTEMBER 10, 1999 AND FILE NO. 333-67511
PROSPECTUS SUPPLEMENT DATED SEPTEMBER 10, 1999)
NEW PLAN EXCEL REALTY TRUST, INC.
MEDIUM-TERM NOTES - FIXED RATE
CUSIP NO. 64805E AC6
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PRINCIPAL AMOUNT: $49,000,000 INTEREST RATE: 7.33%
AGENTS' DISCOUNT OR COMMISSION: $220,500 ORIGINAL ISSUE DATE: NOVEMBER 17, 1999
NET PROCEEDS TO ISSUER: $48,779,500 STATED MATURITY DATE: NOVEMBER 20, 2003
INTEREST PAYMENT DATES: MAY 20 AND NOVEMBER 20 (BEGINNING MAY 20, 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(s) of Agent(s): Merrill Lynch & Co.
Agents 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.
[ ] 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
_____% of principal amount.
Other Provisions:
