By Andrea Heisinger
New York, Oct. 12 - ProLogis International Funding II SA priced $300 million of 4.875% notes due Feb. 15, 2020 on Friday to yield 5%, an informed source said.
The notes (Baa3/BBB-/BBB-) were sold at 99.248 to yield Treasuries plus 391.6 basis points.
There is a make-whole call at Treasuries plus 50 bps.
Pricing was done under Rule 144A and Regulation S without registration rights. The bonds are guaranteed by ProLogis European Properties Fund.
Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc. and RBS Securities Inc.
The unit of the real estate investment trust for industrial properties is based in Denver.
| Issuer: | ProLogis International Funding II SA
|
| Guarantor: | ProLogis European Properties Fund
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | Feb. 15, 2020
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., RBS Securities Inc.
|
| Coupon: | 4.875%
|
| Price: | 99.248
|
| Yield: | 5%
|
| Spread: | Treasuries plus 391.6 bps
|
| Call: | Make-whole at Treasuries plus 50 bps
|
| Distribution: | Rule 144A, Regulation S without registration rights
|
| Trade date: | Oct. 12
|
| Settlement date: | Oct. 19
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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