Issue of S$600 million green notes by PSA Treasury Pte. Ltd. and guaranteed by PSA International Pte Ltd
Allen & Gledhill advised PSA Treasury Pte. Ltd. (“PSA Treasury”) and PSA International Pte Ltd (“PSA”) on the issue of S$600 million 2.23% guaranteed green notes due 2035 (“Notes”) under their US$5 billion global medium term note programme.
The Notes are unconditionally and irrevocably guaranteed by PSA.
This was PSA’s inaugural issue of green notes, and net proceeds will be used exclusively to finance or refinance new or existing projects which fall within the Eligible Green Project Categories (as defined in the PSA Green Finance Framework 2025), with a two-year lookback period for refinancing projects and which meet the Eligibility Criteria described in the PSA Green Finance Framework 2025.
Advising PSA Treasury and PSA were Allen & Gledhill Partners Tan Tze Gay, Wu Zhaoqi, and Sunit Chhabra.
