Prologis raises €700m for US parent entity

By Jon Hay
29 Nov 2013

Prologis, the US real estate investment trust that specialises in warehouses, sold on Monday a euro-denominated bond that according to Dealogic is the first in the currency from any of its main US entities.

Deutsche Bank and JP Morgan launched the Baa2/BBB rated 8.1 year bond at initial price thoughts of 140bp-145bp over mid-swaps. The January 2022 bond was priced at a size of €700m, and a coupon of 3%, to yield 137bp over mid-swaps.

Prologis claims to be the world’s leading ...

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