Chicago, Nov. 10 – Philippines’ International Container Terminal Services, Inc. priced $300 million of 3˝% 10-year senior guaranteed notes at par, according to a notice.
The listed issuer on the notes is ICTSI Treasury BV.
Citigroup Global Markets Ltd. and HSBC Ltd. are the joint lead managers.
Proceeds will be used for refinancing and general corporate purposes, including to potentially fund a tender offer for the perpetual capital securities of Royal Capital BV guaranteed by the company.
International Container is a Manila-based port operator.
| Issuer: | ICTSI Treasury BV
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| Guarantor: | International Container Terminal Services, Inc.
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| Issue: | Senior guaranteed notes
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| Amount: | $300 million
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| Tenor: | 10 years
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| Bookrunners: | Citigroup Global Markets Ltd. and HSBC Ltd.
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| Coupon: | 3˝%
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| Price: | Par
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| Yield: | 3˝%
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| Trade date: | Nov. 9
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