Morgan Stanley wins sole lead mandate on upcoming PSA bond deal

Morgan Stanley leverages its relationship with PSA and brings home sole lead manager mandate for bond worth upwards of $1 billion.

Morgan Stanley has been awarded the role of sole bookrunner for the bond component of PSA InternationalÆs acquisition financing for Hutchison Port Holdings.

The $4.4 billion acquisition financing is to be funded through a combination of a $3.42 billion term loan and bond offering estimated to be worth around $1 billion.

Morgan Stanley represented PSA on the purchase and later, along with the Royal Bank of Scotland, provided a $1.8 billion bridging loan.

Given that Morgan Stanley underwrote the bridge...

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