And they're off... banks jockey for PSA mandate

Mandate contest for PSA's upcoming bond offering gets interesting as loan facility has overwhelming interest ahead of syndication.

Later this week, PSA is expected to award the mandate for the bond component of its acquisition financing for Hutchison Port Holdings. The deal, which could be one of the most high profile deals of the year, is being hotly contested by a number of banks.

Obvious contenders for the mandate are Barclays, DBS, Morgan Stanley and Royal Bank of Scotland RBS - however many of the region's leading investment banks are also very inclined to look at the...

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