Singapore's PSA International to sell up to $500 million 10-year notes

By Christine Van Dusen

Atlanta, Aug. 3 - Singapore-based PSA International Pte. Ltd. plans to issue as much as $500 million in fixed-rate notes due 2020 (Aaa), a market source said Tuesday.

Barclays Capital, Credit Suisse and Goldman Sachs are the bookrunners for the deal, which could price this week.

The notes will be issued as part of the company's $3.5 billion medium-term note program.

Proceeds will be used for general corporate purposes.

PSA International is a port operator owned by state investment fund Temasek.

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