International Container Terminal Services (ICTSI) announced results of its cash tender offer:
$183.762mn in principal of its 5.875% Perpstendered at $1,024 per $1,000 in principal
$85.222mn in principal of its 4.875% Perps tendered at $1,044.5 per $1,000 in principal
The 5.875% and 4.875% Perps, issued by Royal Capital BV, currently trade at 101.875 and 104.013 yielding 1.77% and 3.17% respectively. The tender offer follows a new $300mn unrated 10Y bond issuance last week that priced at par to yield 3.5%.
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.