WEINGARTEN REALTY INVESTORS /TX/
424B3, 1998-08-12
REAL ESTATE INVESTMENT TRUSTS
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Pricing Supplement No. 2                       Filing under Rule 424(b)(3)
Dated August 10, 1998                          Registration File No. 333-51843
(To Prospectus dated August 10, 1998 and
Prospectus Supplement dated August 10, 1998)

                                 $200,000,000
                          WEINGARTEN REALTY INVESTORS
                          MEDIUM-TERM NOTES, SERIES A

Principal amount:  $50,000,000              Floating Rate Notes: 3 Month Libor
Interest Rate (if fixed rate): N/A          Interest rate basis:  N/A
Stated Maturity:  August 14, 2000           Paper  Rate
Specified Currency:  U.S. $                         Prime Rate
Applicable Exchange Rate (if any):                  LIBOR
U.S. $1.00 =  N/A                                   Treasury Rate
Issue price (as a percentage of                     CD Rate
  principal amount):  100%                          Federal Funds Rate
Selling Agent's commission (%):  0.25%              Other
Purchasing Agent's discount                 Index Maturity:  N/A
  or commission (%):  N/A                   Spread:  +17 basis points
Net proceeds to the Company (%): 99.75%     Spread Multiplier:  N/A
Settlement date (original                   Maximum Rate:  N/A
  issue date):  August 13, 1998             Minimum Rate:  N/A
Redemption Commencement                     Initial Interest Rate:  N/A
  Date (if any): February 16, 1999          Interest Reset Date(s):  Quarterly
  and all interest payment days thereafter  Optional Repayment Date: N/A
Interest Determination Date(s):  N/A        Cusip # 948 74R BF 2
Calculation Date(s):  N/A
Interest Payment Date (s): 2/14,5/14,8/14,11/14
 modified following convention
Regular Record Date(s):  15 calendar days prior to
 payment  date


     Redemption  prices  (if  any):    The  Redemption  Price shall be at par.

     If  such Notes are denominated in other than U.S. dollars, the applicable
Foreign  Currency  Supplement  is  attached  hereto.

     Additional  terms:    N/A

     As  of  the date of this Pricing Supplement, the aggregate initial public
offering  price (or its equivalent in other currencies) of the Debt Securities
(as  defined  in  the Prospectus) which have been sold (including the Notes to
which  this  Pricing  Supplement  relates)  is  $118,000,000.

     "N/A"  as used herein means "Not Applicable."  "A/S" as used herein means
"As  stated  in  the  Prospectus  Supplement  referred  to  above."

                                 MERRILL LYNCH






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