Singapore’s Global Logistic mandates bookrunners for benchmark bonds

By Angela McDaniels

Tacoma, Wash., May 21 – Global Logistic Properties Ltd. will price a benchmark issue of fixed-rate senior notes under its $2 billion euro medium-term note program, according to a company announcement.

Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Singapore Branch have been mandated as joint global coordinators. Citigroup, DBS Bank Ltd. and Deutsche Bank have been mandated as joint bookrunners.

The company expects the notes to be rated Baa2 by Moody's Investors Service and BBB+ by Fitch Ratings.

Global Logistic Properties is a Singapore-based provider of logistics facilities.

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