Singapore-owned Singtel Optus, a major mobile phone provider in Australia, joins Temasek-linked ST Engineering and PSA in issuing 10-year US dollar bonds.
Sole lead manager Morgan Stanley prices new dual tranche $1 billion bond deal, effectively completing the $4.4 billion acquisition financing for PSA's 20% purchase of Hutchison Ports stake.
With the launch of its first international and domestic bond deals, Singapore''s PSA Corp is taking the first important steps to rebalance its capital structure ahead of privatization later this year.