By Cristal Cody
Chicago, June 22 – PSP Capital Inc. priced $1 billion of 3.5% five-year notes in the Wednesday market, according to a market source.
Pricing came on top of talk, at 58 basis points over SOFR mid-swaps, or at Treasuries plus 36.4 bps. Talk had been in the 58 bps area over SOFR mid-swaps.
Barclays, BMO Capital Markets Corp., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the bookrunners for the Rule 144A and Regulation S notes.
PSP Capital is the principal financing arm of the Ottawa-based Public Sector Pension Investment Board.
| Issuer: | PSP Capital Inc.
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| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | June 29, 2027
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| Bookrunners: | Barclays, BMO Capital Markets Corp., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
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| Coupon: | 3.5%
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| Spread: | SOFR mid-swaps plus 58 bps, or Treasuries plus 36.4 bps
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| Trade date: | June 22
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 58 bps area
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