Midday Commentary: ProLogis sells $300 million notes; secondary market rallies

Columbus, Ohio, Oct. 12 - While the primary market saw ProLogis International Funding II SA sell a $300 million issue of 4.875% notes due 2020, the investment-grade secondary saw corporate bonds spreads tighten on Friday, according to a market source.

Following a week that had seen weaker opening sessions, the tone to the market was more positive as of midday.

"Everything's better today," the trader said.

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