and-theyre-off-banks-jockey-for-psa-mandate

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.
June 05, 2006
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 deal as well. RBS is somewhat of a dark horse in this respect since it is not a significant player in the Asian debt capital markets ex-Japan ex-Australia.

In its biggest single investment ever,...
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