By Cristal Cody
Chicago, Nov. 18 – Port of Newcastle Investments Financing Pty Ltd. sold $300 million of 5.9% 10-year senior secured notes at a Treasuries plus 441.6 basis points spread.
Price talk expected the notes in the 6% area, according to market sources.
Citi, ICBC and NAB are bookrunners for the Rule 144A and Regulation S offering.
The issuer is an investment company associated with the Port of Newcastle on Australia’s East Coast.
| Issuer: | Port of Newcastle Investments Financing Pty Ltd.
|
| Issue: | Senior secured notes
|
| Amount: | $300 million
|
| Maturity: | Nov. 24, 2031
|
| Bookrunners: | Citi, ICBC and NAB
|
| Coupon: | 5.9%
|
| Spread: | Treasuries plus 441.6 bps
|
| Trade date: | Nov. 18
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6% area
|
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