Chicago, June 23 – PSP Capital Inc. sold $1 billion of 1% notes due June 29, 2026 on Tuesday, according to a market source.
The notes priced with a spread of Treasuries plus 13.9 basis points, or mid-swaps plus 7 bps. Initial price talk had the notes in the mid-swaps plus 9 bps area.
Citigroup, HSBC, RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.
Montreal-based PSP Capital is a financing arm and subsidiary of the Public Sector Pension Investment Board.
| Issuer: | PSP Capital Inc.
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| Issue: | Notes
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| Amount: | $1 billion
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| Maturity: | June 29, 2026
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| Bookrunners: | Citigroup, HSBC, RBC Dominion Securities Inc. and TD Securities Inc.
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| Coupon: | 1%
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| Spread: | Treasuries plus 13.9 bps, or mid-swaps plus 7 bps
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| Trade date: | June 22
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| Price talk: | Mid-swaps plus 9 bps area
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