By Paul A. Harris
St. Louis, June 21 - Wan Hai Lines (Singapore) Pte. Ltd. priced $325 million of 10-year notes (Baa2/BBB) at 99.688 with a 5½% coupon to yield 143 basis points over Treasuries.
Price talk was Treasuries plus 145 bps.
Citigroup and UBS Investment Bank ran the books.
The notes will be guaranteed by parent company Wan Hai Lines Ltd., a Taipei, Taiwan-based regional container shipping company.
| Issuer: | Wan Hai Lines (Singapore) Pte. Ltd.
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| Amount: | $325 million
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| Maturity: | June 29, 2015
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| Bookrunners: | Citigroup, UBS Investment Bank
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| Coupon: | 5½%
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| Price: | 99.688
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| Spread: | 143 basis points over U.S. Treasuries
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| Trade date: | June 21
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| Settlement date: | June 29
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Price talk: | U.S. Treasuries plus 145 bps
|
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