By William Gullotti
Buffalo, N.Y., April 21 – PSA Treasury Pte. Ltd., a subsidiary of PSA International Pte. Ltd., priced S$650 million of 2.88% guaranteed notes due 2027 (Aa1) at 99.907, according to a listing notice with an appended offering circular on Thursday.
The Regulation S notes will be issued under PSA’s $5 billion global medium-term note program.
DBS Bank Ltd. and Oversea-Chinese Banking Corp., Ltd. are the joint managers of the offering.
Proceeds from the offering will be used for general corporate funding requirements of the parent company and/or its subsidiaries.
Application will be made to list the notes on the Singapore Exchange.
PSA International is a port operator based in Singapore and guarantor of the notes.
| Issuer: | PSA Treasury Pte. Ltd.
|
| Guarantor: | PSA International Pte. Ltd.
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| Issue: | Guaranteed notes
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| Amount: | S$650 million
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| Maturity: | April 27, 2027
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| Managers: | DBS Bank Ltd. and Oversea-Chinese Banking Corp., Ltd.
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| Coupon: | 2.88%
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| Price: | 99.907
|
| Pricing date: | April 20
|
| Issue date: | April 27
|
| Rating: | Moody’s: Aa1
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| Distribution: | Regulation S
|
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