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PSP Capital guides $1 billion offering of three-year notes to yield mid-swaps plus 2 bps area
By Cristal Cody
Chicago, Sept. 8 – PSP Capital Inc. is heard to be in the market with a $1 billion offering of three-year notes, according to a market source.
Pricing has been guided to the mid-swaps plus 2 basis points area. Initial price talk was a touch higher, in the mid-swaps plus 3 bps area.
Barclays, Goldman Sachs, HSBC and TD Securities are listed as bookrunners.
PSP Capital is the principal financing arm of the Ottawa-based Public Sector Pension Investment Board.
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