Chicago, April 23 – PSA International Pte. Ltd.’s wholly owned subsidiary, PSA Treasury Pte. Ltd. priced $650 million 2¼% guaranteed notes due April 30, 2030 at 99.822, according to an offering memorandum.
The notes (Aa1) are guaranteed by PSA International.
DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch are the managers.
Proceeds will be used to finance capital and operating expenditures and for general corporate purposes, and to refinance debt.
PSA is a port operator based in Singapore.
| Issuer: | PSA Treasury Pte. Ltd.
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| Guarantor: | PSA International Pte. Ltd.
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| Issue: | Notes
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| Amount: | $650 million
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| Maturity: | April 30, 2030
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| Bookrunners: | DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch
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| Coupon: | 2¼%
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| Price: | 99.822
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| Pricing date: | April 23
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| Settlement date: | April 30
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| Rating: | Moody’s: Aa1
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| Distribution: | Regulation S
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