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Commentary & Deal Flow

NEW ISSUE: PSP Capital £ bmk 5yr Sr Unsec; SONIA MS+47a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

ISIN

PSP Capital

5yr

14-Jul-31

£ bmk

Sr Unsec

Fixed

SONIA MS+47a

XS3439216246


Guidance: 5yr: SONIA MS+47a


  • Issuer: PSP Capital Inc.
  • Ticker: PSPCAP
  • Expected Issue Ratings: Aaa/AAA/AAA (Moody's/S&P/DBRS)
  • Guarantor: Wholly owned and debt outstanding guaranteed by the Public Sector Pension Investment Board (PSP Investments), a Canadian federal Crown corporation 100% owned by the Government of Canada
  • Format: Reg S (Cat. 2)
  • Size: £ Benchmark
  • Maturity: 14-Jul-31
  • Coupon: Fixed, Annual, ACT/ACT ICMA
  • Guidance: SONIA MS (A, A/365) +47bps area (approx. UKT 0 ¼ 31-Jul-31 (MID) +26.5bps)
  • Listing: Euronext Dublin (GEM)
  • Governing Law: New York
  • Target Market: The manufacturer target markets (UK MiFIR product governance) are eligible counterparties and professional clients only (all distribution channels)
  • Denominations: £250k + £1k
  • Docs: Issuer’s Debt Issuance Programme (DIP)
  • Joint Bookrunners: Barc / BMO / HSBC / RBCCM
  • ISIN: XS3439216246
  • Timing: Today's business
  • Settlement Date: 14-Jul-26 (T+5)
  • Advertisement: The Offering Memorandum in relation to the Issuer’s DIP is available at https://www.ise.ie/