AsiaPorts and Logistics
PSA in $500m bonds move
Singaporean terminal operator PSA International has pushed ahead with a $500m bond issue. The 2.5% guaranteed notes are due in 2026 and follow on from a $3.5bn note programme announced in 2009.
DBS Bank and Deutsche Bank have been appointed as joint lead managers and bookrunners for the notes, which will be issued in six days time. Net proceeds will be used to finance PSA International’s capital and operating expenditures and for general corporate purposes, the port company said in a release to the Singapore Exchange.