International Container Terminal Services, Inc. recently approved an increase in the medium-term notes it intends to float to US$1 billion from $750 million.
The medium-term note program was launched to fund expansion and manage the global port operator’s debt portfolio.
The float will be issued by wholly-owned subsidiary ICTSI Treasury BV.
Citigroup Global Markets Limited and Credit Suisse Securities (Eutope) Limited were appointed dealers in the transaction.
