ProLogis, a Denver-based real estate investment trust, has priced a public offering of $500 million of 2.625% convertible senior notes due 2038 at 99% of par. The company also announced the pricing of $600 million of fixed-rate senior notes at 99.766% of par. Goldman Sachs & Co., Banc of America Securities LLC, and Morgan Stanley & Co. were the joint book-running managers for the offering of convertible senior notes, and Citigroup Global Markets Inc., Goldman Sachs, and RBS Greenwich Capital were the managers for the fixed-rate senior note offering. The REIT can be found online at http://www.prologis.com.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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