US logistics property developer-investor Prologis said on Thursday that its Prologis European Properties Fund II has issued €300 mln of unsecured notes in the eurobond market.
US logistics property developer-investor Prologis said on Thursday that its Prologis European Properties Fund II has issued €300 mln of unsecured notes in the eurobond market.
The notes, which are due in 2022 and carry a coupon rate of 2.875%, are guaranteed by PEPF II. The notes are rated Baa2 with a stable outlook by Moody's and BBB with a stable outlook by S&P.
The net proceeds of the issuance will be used for repayment of debt, asset acquisitions and general working capital requirements, Prologis said in a statement.
PEPF II owns 250 properties covering 5.8 million m2 across 12 European countries.
