Forth Ports docks into US PP market

safe haven lighthouse port
By Silas Brown
24 Jun 2019

Forth Ports, the port operator with headquarters in Edinburgh, is marketing prospective US private placements this week.

Barclays is arranging the transaction, which will have maturities from seven up to 18 years, according to market participants. The initial target size is £150m.

Forth Ports has entered the USPP market before, selling £100m for 10 year notes at a coupon of 2.62% according to Dealogic.

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