ICTSI returns with a $200 million tap

International Container Terminal Services Inc taps its recent $250 million 10-year issue that priced in mid-March, increasing the size to $450 million.

International Container Terminal Services Inc ICTSI returned to the Asian bond market yesterday with a $200 million tap of its recent 2020 bonds that were issued on March 14 this year. With an original issue size of $250 million this brings the total deal size to $450 million.

The bonds pay a coupon of 7.375% and yesterday's re-offer was set at 102.627 for a yield of 7%. This was equivalent to a spread of 322.9bp over 10-year Treasuries. The...

To continue reading, please login or register for free

Click for more on: ictsi | philippines | hsbc | ubs | tap

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...