PSA embarks on first international roadshows

A new benchmark issuer has emerged from Singapore, as government-owned PSA Corp attempts to lengthen the maturity and investor profile of the Lion city in the international bond markets.

The Port of Singapore Authority (PSA Corp) is to kick off roadshows in Asia next Friday (July14) in a bid to launch Singapore's largest international bond offering to date

The soon-to-be privatised group is planning to raise up to $1 billion from what is likely be a 10 year transaction led by joint bookrunners JP Morgan and Morgan Stanley Dean Witter In doing so, it will join a select but fast growing group of domestic entities that are being encouraged to tap the international dollar bond markets by the government

The move forms part of a drive to make Singapore the region's premier financial centre and mirrors a push to further develop the City state's nascent and...

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