Live Updates > Live Update Details
2025-09-15 19:07:51
[Giant quietly raises funds, bond pricing holds hidden implications] (1) Global logistics real estate giant Prologis is issuing new bonds to finance its operations. The company plans to issue two tranches of bonds, one with a maturity of 7 years and one with a maturity of 12 years, each with an estimated size of €500 million. Pricing guidance for the issuance indicates an interest rate range of MS+95 basis points for the 7-year bond and MS+125 basis points for the 12-year bond. (2) Settlement of the two bonds is scheduled for September 22nd, with the 7-year bond maturing on September 22nd, 2032, and the 12-year bond maturing on September 22nd, 2037. The purpose of the financing is to provide funds for general corporate purposes for Prologis and its subsidiaries and may be used to repay existing debt. (3) Prologis' bonds are rated A2 by Moody's and A by Standard & Poor's, demonstrating its strong financial strength. The proceeds will be primarily used for general corporate purposes, including repayment of other debt, demonstrating the company's efforts to optimize its debt structure to maintain its operational and financial health.
