7.625% Notes due 2014 | ||
Issuer:
|
ProLogis | |
Security:
|
7.625% Notes due 2014 | |
Size:
|
$350,000,000 | |
Maturity Date:
|
August 15, 2014 | |
Coupon:
|
7.625% per annum, payable semi-annually | |
Interest Payment Dates:
|
February 15 and August 15, commencing February 15, 2010 | |
Price to Public:
|
99.489% | |
Underwriting Discount:
|
0.60% | |
Net Proceeds, Before
Expenses, to ProLogis:
|
$346,111,500 | |
Use of Proceeds:
|
ProLogis intends to use the net proceeds for the repayment of borrowings under its global line of credit and for general corporate purposes, which may include the repayment or repurchase of other indebtedness. | |
Spread to Benchmark Treasury:
|
+ 507.4 basis points | |
Benchmark Treasury:
|
2.625% due July 31, 2014 | |
Benchmark Treasury Spot:
|
99-24+ | |
Benchmark Treasury Yield:
|
2.676% | |
Reoffer Yield:
|
7.75% | |
Make-Whole Call:
|
Treasury Rate + 50 basis points | |
Expected Settlement Date:
|
August 14, 2009 (T+3) | |
CUSIP / ISIN:
|
743410AU6 / US743410AU60 | |
Ratings:
|
Baa2 (negative outlook) / BBB- (negative outlook) /BBB (negative outlook) |
|
Joint Book-Running Managers:
|
J.P. Morgan Securities Inc. Barclays Capital Inc. Morgan Stanley & Co. Incorporated RBS Securities Inc. |
|
Senior Co-Managers:
|
Scotia Capital (USA) Inc. RBC Capital Markets Corporation Wells Fargo Securities, LLC |
|
Co-Managers:
|
Calyon Securities (USA) Inc. SG Americas Securities, LLC ING Financial Markets LLC |
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