In an environment of low US Treasury yields and an all-round benign market backdrop, it is an ideal time for high-quality issuers to come to market. Temasek’s wholly owned shipping company, PSA International (PSA), fit that description well, pricing a $500 million bond issue on Wednesday.PSA last accessed the market back in September 2009. The new issue offered a strong scarcity value for investors and attracted $2.2 billion of orders from 180 accounts. Full Story
