Prologis to close $95mn Logistics Re cat bond at upper pricing target
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Prologis to close $95mn Logistics Re cat bond at upper pricing target

Martha Muir
14 December 2021
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Prologis is set to raise $95mn from its Logistics Re catastrophe bond, its first entry into the catastrophe bond market, as pricing on the deal settled at the upper end of its target range.

The projected insurance coupon of 350 basis points (bps) equates to a multiple of 3.2x on an expected modelled loss of 1.09%.

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Topics

NewsCatastrophe bonds
MM
Martha Muir
Reporter
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