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Prologis to redeem 1.375% notes

Industrial real estate investment trust Prologis Inc. said that Prologis LP is redeeming all of its 1.375% notes due Oct. 7, 2020.

The redemption price is estimated at 103% of the principal amount, which includes accrued interest for a total payment of €1,034 per €1,000 in principal amount issued and outstanding as of the redemption date.

Following the redemption, the notes will be delisted from the New York Stock Exchange.