The bond has a coupon rate of 2.75 pct and is guaranteed by PEPF II. This is the first issuance of unsecured notes under Prologis International Funding II’s Guaranteed Euro Medium Term Note Programme. The net proceeds will be used for the repayment of debt, asset acquisitions and general working capital requirements. The expiry date of the bond falls in 2018. At the end of June 2013, PEPF II owned more than 220 properties covering 5.2 mln sqm in twelve European countries.