PSP Capital to price floaters due 2025 at SOFR plus 26 bps area

By Rebecca Melvin and Cristal Cody

Concord, N.H., Feb. 23 – PSP Capital Inc. plans to price an offering of dollar-denominated senior floating-rate notes due March 3, 2025, according to a market source.

Initial price talk is for a yield in the area of SOFR plus 26 bps.

The Rule 144A and Regulation S notes are being marketed via BMO, Barclays, Citigroup and TD Securities as bookrunners.

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

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