Prologis, the global real estate logistics company, was in the market yesterday with its maiden green bond. The €300m bond was actually sold by Prologis European Logistics Fund, in which the company itself is a minority owner.The green agenda currently sweeping across the infrastructure of global financial markets has gained momentum and significance this year. In relation to this trend, the Prologis bond is of particular interest for three reasons.The first is that Prologis, a San Francisco headquartered real estate investment trust, has devised a broader “green bond framework”. It chose to test this framework in Europe, and euros, rather than the US, which is further evidence that the underlying governmental and financial conditions are more conducive to the green agenda on this side of
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Prologis, the global real estate logistics company, was in the market yesterday with its...