By Marisa Wong
Los Angeles, June 12 – Philippines’ International Container Terminal Services, Inc. priced $400 million of 4¾% senior notes at 99.607 on Wednesday, according to a notice.
Citigroup Global Markets Ltd., Credit Suisse (Hong Kong) Ltd. and J.P. Morgan Securities plc are joint lead managers for the Regulation S offering.
Proceeds will be used to refinance and extend the maturity of the company’s liabilities and for general corporate purposes.
International Container is a Manila-based port operator.
| Issuer: | International Container Terminal Services Inc.
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Managers: | Citigroup Global Markets Ltd., Credit Suisse (Hong Kong) Ltd. and J.P. Morgan Securities plc
|
| Coupon: | 4¾%
|
| Price: | 99.607
|
| Pricing date: | June 10
|
| Distribution: | Regulation S
|
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