PSA International looks to borrow a billion

Singapore: Port giant PSA International, Singapore's port operator, is looking to borrow $1 billion for three years and has appointed DBS as arranger for the loan, according to Reuters Basis Point. The proposed syndicated loan will be broken into two tranches and will be denominated in a mix of US dollars, Singapore dollars and Hong Kong dollars. Neither company has confirmed the deal.  [22/01/09]