Simon Property Group, Inc. has agreed to sell $550 million principal amount of its 1.375% senior notes due 2027, and $700 million principal amount of its 2.250% senior notes due 2032. Combined, the two new issues of senior notes have a weighted average term of 8.2 years and a weighted average coupon rate of 1.865%. The offering is expected to close on August 18, 2021, subject to customary closing conditions. The Operating Partnership intends to use the net proceeds of the offering, along with cash on hand, to fund the planned optional redemption of its 2.350% notes due January 2022, 2.625% notes due June 2022 and 2.750% notes due February 2023.