By Christine Van Dusen
Atlanta, April 30 - Philippines' International Container Terminal Services Inc. priced a $200 million add-on of 7 3/8% notes due March 17, 2020 at 102.267 to yield 7%, according to a company filing.
HSBC an UBS were the bookrunners for the notes, which will be consolidated to form a single series with the $250 million senior notes issued in March.
Proceeds will be used for general corporate purposes and to refinance $150 million of debt maturing in the next three years.
International Container Terminal Services is based in Manila and develops, manages and operates container ports and terminals.
| Issuer: | International Container Terminal Services Inc.
|
| Amount: | $200 million
|
| Maturity: | March 17, 2020
|
| Securities: | Add-on to 7 3/8% notes
|
| Bookrunners: | HSBC, UBS
|
| Coupon: | 7 3/8%
|
| Price: | 102.267
|
| Yield: | 7%
|
| Trade date: | April 30
|
| Total amount: | $450 million, including $250 million priced March 11, 2010 at par
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