Bond ProLogis LP 1.75% ( US74340XCA72 ) in USD
| Issuer | ProLogis LP | ||||||||||||||||
| Market price | |||||||||||||||||
| Country | United States
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| ISIN code |
US74340XCA72 ( in USD )
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| Interest rate | 1.75% per year ( payment 2 times a year) | ||||||||||||||||
| Maturity | 01/02/2031 | ||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 2 000 USD | ||||||||||||||||
| Total amount | 442 273 000 USD | ||||||||||||||||
| Cusip | 74340XCA7 | ||||||||||||||||
| Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) | ||||||||||||||||
| Moody's rating | A2 ( Upper medium grade - Investment-grade ) | ||||||||||||||||
| Next Coupon | 01/02/2027 ( In 159 days ) | ||||||||||||||||
| Detailed description |
Prologis, Inc. (PLD) is a leading global owner, operator, and developer of logistics real estate, with a focus on modern, high-quality warehouses and distribution centers strategically located across major global markets. **Detailed Overview of ProLogis LP's US-Issued 1.75% Fixed-Income Instrument Due 2031** This article provides a comprehensive analysis of a specific fixed-income instrument issued by ProLogis LP, a prominent entity in the logistics real estate sector. The bond, identified by ISIN US74340XCA72 and CUSIP 74340XCA7, represents a key financing instrument issued within the United States market. ProLogis LP, a limited partnership, stands as a global leader in the logistics real estate industry. The company specializes in the ownership, management, and development of high-quality logistics facilities, serving a diverse customer base across various industries. Its extensive portfolio of distribution centers and warehouses is strategically located in major supply chain hubs worldwide, making it a critical player in facilitating global trade and e-commerce. ProLogis's robust market position and operational scale underscore its capacity to access capital markets for strategic expansion and operational needs. The bond in question is a standard obligation with a current market price of 85.975% of its par value, indicating it is trading at a discount. Denominated in United States Dollars (USD), the bond carries a fixed annual coupon rate of 1.75%. The total size of this particular issue amounts to $442,273,000, reflecting a substantial capital raise. Investors considering this bond should note the minimum purchase size set at $2,000 par value. The bond is scheduled to mature on February 1, 2031, providing a defined horizon for capital repayment. Interest payments are disbursed semi-annually, occurring twice per year, offering regular income streams to bondholders. The credit quality of ProLogis LP's debt is assessed by leading independent rating agencies. Standard & Poor's (S&P) has assigned an 'A' rating, while Moody's provides an 'A2' rating. Both ratings fall within the investment-grade category, signifying a relatively low credit risk and reflecting the issuer's strong capacity to meet its financial commitments, though they are subject to ongoing review by the respective agencies. In summary, this ProLogis LP bond offers investors exposure to a mature logistics real estate company through a fixed-income instrument characterized by its investment-grade ratings, a specific maturity profile, and semi-annual interest payments. Its current trading price below par provides a yield-to-maturity potentially higher than its coupon rate, making it an observable instrument in the debt capital markets. |
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