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...
