ICTSI wades into market for second dollar bond of the summer

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By Morgan Davis
08 Jul 2020

International Container Terminal Services (ICTSI), a Philippine port company, made a quick return to the debt market on Tuesday, selling a $300m perpetual bond just weeks after securing a $400m trade.

Before ICTSI’s 2030 transaction, sold in June, the company had not been in the dollar market since 2018. The issuer began eyeing a return to the market in early 2020 but was forced to postpone its plans when the Covid-19 pandemic broke out across the globe. It ...

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