US logistics giant Prologis said on Monday that its Prologis European Properties Fund II has issued €300 mln in aggregate principal amount of unsecured notes in the eurobond market.
US logistics giant Prologis said on Monday that its Prologis European Properties Fund II has issued €300 mln in aggregate principal amount of unsecured notes in the eurobond market.
The notes, due in 2025 with a coupon rate of 1.876%, are guaranteed by PEPF II and represent the third issuance of unsecured notes under the Guaranteed Euro Medium Term Note Programme of the Issuer.
PEPF II will use the proceeds to repay debt, for asset acquisitions and for general working capital requirements.
As of March 31, 2015, the fund owned 298 properties covering 70.82 million sq ft (6.58 million m2) across 12 European countries.
