Prologis holds stabilization period for euro-denominated green bonds

By Angela McDaniels

Tacoma, Wash., June 25 – Prologis International Funding II SA began a stabilization period on Tuesday for 10-year euro-denominated green bonds, according to an announcement from stabilization coordinator Deutsche Bank AG, London Branch.

The bonds are guaranteed by Prologis European Logistics Fund, FCP-FIS.

The stabilizing managers are BNP Paribas, Deutsche Bank and HSBC.

The stabilization period is expected to end no later than July 30.

Deutsche Bank said the stabilization managers may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilization period at a level higher than that which might otherwise prevail. However, stabilization may not necessarily occur, and any stabilization action, if begun, may cease at any time.

Prologis European Logistics Fund owns and operates core industrial distribution properties across Europe. Prologis International Funding II is the fund’s funding vehicle. Both are based in Luxembourg.

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