By Cristal Cody
Chicago, Feb. 23 – PSP Capital Inc. sold $600 million of floating-rate notes with a three-year tenor on Wednesday, according to information from a market source.
The notes priced at SOFR plus 24 basis points versus talk in the area of SOFR plus 26 bps.
The Rule 144A and Regulation S notes were sold by bookrunners BMO, Barclays, Citigroup and TD Securities.
PSP Capital is the principal financing arm of the Ottawa-based Public Sector Pension Investment Board.
The issuer’s currently annual issuance program is C$5 billion to C$6 billion.
| Issuer: | PSP Capital Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $600 million
|
| Maturity: | March 3, 2025
|
| Bookrunners: | BMO, Barclays, Citigroup and TD Securities
|
| Coupon: | SOFR plus 24 bps
|
| Trade date: | Feb. 23
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | SOFR plus 26 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
