US$450m Senior Project Bond to finance PSA’s Mersin International Port
01 August 2013
Clifford Capital invested US$79.5m in a fixed rate notes issuance for PSA’s Mersin International Port, the second largest port in Turkey. An integrated multi-purpose port, it handles over 1.8m TEUs providing loading, unloading, terminal handling and storage services for both container and conventional cargo.
Clifford Capital played the role of an anchor long term investor, providing confidence to the company to launch the bond offering despite volatile market conditions.