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ICT unit priced new bonds at 6.375% per annum

20 Jan

BY F. YAP SECURITIES / 2TRADEASIA

International Container Terminal Service Inc. (ICT) said its offshore subsidiary is issuing new senior perpetual securities at a minimum yield of 6.375% per annum.

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The unit, Royal Capital B.V. is selling bonds simultaneously as it buys back $350 million of 8.375%-yield bonds. The tender offer for the old notes will end 21 January.

Final pricing was set 22 January.

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Posted by on January 20, 2015 in Corporate News, ICT, Stock Market

 

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