Prologis (PLD) issues $2.0 billion of unsecured notes.
Prologis (PLD) announced today that it has issued approximately $2.0 billion of senior unsecured notes in a three-part offering. Proceeds will be used to redeem $1.5 billion of senior notes called by Prologis, with the remainder used to finance operations. The notes are expected to be rated A3/A- by Moody's and S&P.
- $400 million of 1.625% senior notes due 2031. The notes were issued at a discount to yield 1.689%, or +55 basis points to the treasury curve.
- €850 million of 0.500% senior unsecured notes due 2032. The notes were priced at 99.606 to yield 0.537%, or +65 basis points to the mid-swap curve.
- €500 million of 1.000% senior unsecured notes due 2041. The notes were priced at 99.496 to yield 1.028%, or +88 basis points to the mid-swap curve.