Prologis, Inc. (NYSE: PLD), announced that Prologis International Funding II S.A., a wholly owned subsidiary of Prologis European Properties Fund II (PEPF II), issued a €300 million unsecured bond in the Euro bond market. The €300 million bond due 2018 with a coupon rate of 2.75 % is guaranteed by PEPF II and represents the first issuance of unsecured notes under the Guaranteed Euro Medium Term Note Programme of Prologis International Funding II S.A.
The net proceeds of the issuance will be used for repayment of debt, asset acquisitions and general working capital requirements.
As of June 30, 2013, PEPF II owned more than 220 properties covering 5.2 million m² (55.5 million ft²) across 12 European countries.
Source: Prologis
