By Angela McDaniels
Tacoma, Wash., May 28 – Global Logistic Properties Ltd. priced $1 billion of 3 7/8% senior notes due 2025 at 99.222, according to a company announcement.
The company set talk for the notes (Baa2//BBB+) in the Treasuries plus 210 basis points area, a market source said.
Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Singapore Branch are the joint global coordinators. Citigroup, DBS Bank Ltd. and Deutsche Bank are the joint bookrunners for the Regulation S transaction.
Global Logistic Properties is a Singapore-based provider of logistics facilities.
| Issuer: | Global Logistic Properties Ltd.
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | 2025
|
| Bookrunners: | Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch
|
| Coupon: | 3 7/8%
|
| Price: | 99.222
|
| Pricing date: | May 28
|
| Settlement date: | June 4
|
| Ratings: | Moody’s: Baa2
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
| Talk: | Treasuries plus 210 bps area
|
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