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Prospect News home > News index > List of issuers I > Headlines for International Container Terminal Services, Inc. > News item
Published on 8/15/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines' International Container unit begins exchange offer for $450 million 7 3/8% notes

By Susanna Moon

Chicago, Aug. 15 - International Container Terminal Services, Inc.'s subsidiary ICTSI Treasury BV began an exchange offer and consent solicitation for its $450 million 7 3/8% senior notes due 2020.

In exchange for tendered notes, the company is offering to issue new notes under its $1 billion medium-term note program, according to a 17-C filing with the Philippines Securities and Exchange Commission.

Citigroup Global Markets Ltd. and Credit Suisse Securities (Europe) Ltd. will be the dealers.

International Container is a Manila, Philippines-based port operator.


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