ProLogis sells down Eu110m loan

11 Nov 2009

Deutsche Pfandbriefbank has syndicated Eu70m of a Eu110m facility for ProLogis, the property group. The bank sold the debt to two unnamed German banks, it said on Tuesday.

“This is great news for the market,” said a banker involved in the deal. “It’s good to see that the syndication market is active again, and it’s good to see that banks have this sort of trust from their clients again.”

The transaction, originally signed in August, improved Deutsche ...

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