By Christine Van Dusen
Atlanta, Aug. 4 - Singapore's PSA International Pte. Ltd. priced $500 million 3 7/8% notes due 2020 (Aaa/AA/) at 99.684 to yield 3.912%, or Treasuries plus 100 basis points, a market source said.
Barclays Capital, Credit Suisse and Goldman Sachs were the bookrunners for the Regulation S-only transaction.
Proceeds will be used for general corporate purposes.
PSA International is a port operator owned by state investment fund Temasek.
Issuer: | PSA International Pte. Ltd.
|
Amount: | $500 million
|
Maturity: | 2020
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Bookrunners: | Barclays Capital, Credit Suisse, Goldman Sachs
|
Coupon: | 3 7/8%
|
Price: | 99.684
|
Yield: | 3.912%
|
Spread: | Treasuries plus 100 bps
|
Trade date: | Aug. 4
|
Settlement date: | Aug. 11
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA
|
Distribution: | Regulation S only
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