PSP Capital to sell seven-year notes at mid-swaps plus 19 bps area

By Cristal Cody

Chicago, Oct. 18 – PSP Capital Inc. was heard to be in the investment-grade market on Monday morning with a single-tranche offering of seven-year notes, a market source noted.

The notes due Oct. 26, 2028 are being talked in the mid-swaps plus 19 basis points area.

BNP Paribas, Citigroup, Morgan Stanley and RBC are working as bookrunners for the issuer.

PSP Capital is the principal financing arm of the Ottawa-based Public Sector Pension Investment Board.

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