By Marisa Wong
Los Angeles, March 9 – PSA International Pte. Ltd.’s wholly owned subsidiary, PSA Treasury Pte. Ltd., priced S$500 million of 1.63% guaranteed notes due 2030 at par, according to a notice.
The series 008 notes (Aa1) are guaranteed by PSA International.
DBS Bank Ltd. is the bookrunner for the Regulation S offering.
The series 008 notes are expected to be issued on March 18 under the company’s $3.5 billion global medium-term note program established in 2009.
Proceeds will be used to refinance borrowings and for general corporate purposes.
PSA is a port operator based in Singapore.
| Issuer: | PSA Treasury Pte. Ltd.
|
| Guarantor: | PSA International Pte. Ltd.
|
| Issue: | Notes, series 008
|
| Amount: | S$500 million
|
| Maturity: | March 18, 2030
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 1.63%
|
| Price: | Par
|
| Yield: | 1.63%
|
| Pricing date: | March 9
|
| Settlement date: | March 18
|
| Rating: | Moody’s: Aa1
|
| Distribution: | Regulation S
|
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