ICTSI back with a perp

Philippine container terminal operator brings well-timed second perpetual of the year ahead of the early autumn rush and potential interest rate volatility.

ICTSI back with a perp

The Philippines International Container Terminal Services  ICTSI executed its second perpetual of the year on Tuesday with a deal that appeared to catch a good market window ahead of the early autumn rush and potential interest rate volatility.

The unrated group attracted a $1.8 billion order book for a senior issue that was upsized to $450 million from early indications around the $300 million to $350 million level. Pricing was also narrowed from an...

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