ProLogis Closes $157 Million TMK Bond Financing

by Benzinga Staff

March 31, 2011 5:05 PM | 18 seconds read |

ProLogis

PLD

announced today that on March 17 it closed on a TMK bond secured financing totaling 13 billion yen ($157 million). Proceeds from the financing were used to pay down ProLogis' global line of credit. Tokutei Mokuteki Kaisha is a tax-favored, special-purpose securitization vehicle that issues corporate bonds secured by real estate assets.

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