HCP has raised $2.4 billion through a four-part sale of its senior unsecured notes, Reuters reports. The first tranche of $400 million notes, maturing Feb. 1, 2014, carry a coupon rate of 2.7%, while the second tranche of $500 million notes, maturing Feb. 1, 2016, carries a coupon rate of 3.75%.

The third tranche of $1.2 billion notes, maturing Feb. 1, 2021, has a coupon rate of 5.375%, while the fourth tranche of $300 million notes, maturing Feb. 2, 2041, carries a coupon rate of 6.75%. The REIT appointed Bank of America Merrill Lynch, UBS and Wells Fargo Securities as the active joint bookrunning managers for the deal.

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