Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

PSA in $500m bond issue

PSA in $500m bond issue
Singapore terminal operator PSA International is issuing $500m worth of bonds.

The issue comes under a $3.5bn bond programme established by PSA in 2009.

The 2.5% guaranteed notes are expected to be issued on 12 April and will mature on 12 April 2026.

PSA said net proceeds from the issue would be used for capital and operating expenditures and general working capital. The bonds will be listed on the Singapore Exchange.

DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch have been appointed as joint lead managers and bookrunners.