Wednesday, January 21, 2009
Wednesday, 21 January 2009
PSA International, Singapore's port operator, is looking to borrow $1 billion for three years and has appointed DBS (DBSM.SI) as arranger for the loan, according to Reuters Basis Point. The proposed syndicated loan will be broken into two tranches and will be denominated in a mix of U.S. dollars, Singapore dollars and Hong Kong dollars. A PSA spokesman declined to comment. PSA operates 28 ports in 16 countries including China, India, South Korea and Vietnam.
DBS was not immediately available to comment.