Singapore ports group PSA International, owned by state investor Temasek, expects to price a 10-year dollar bond at around 140/145 basis points over U.S. Treasuries, a source close to the deal said on Thursday.
The deal is to raise $500 million and is being arranged by JPMorgan, Nomura International and DBS Bank.
On Wednesday, Standard & Poor's revised the outlook on PSA's AA rating to negative from stable, blaming worsening industry trends.
The deal is to raise $500 million and is being arranged by JPMorgan, Nomura International and DBS Bank.
On Wednesday, Standard & Poor's revised the outlook on PSA's AA rating to negative from stable, blaming worsening industry trends.