Shearman And Sterling

News July 17, 2023

Shearman & Sterling Advises HSBC on €75 Million Senior Notes Offering by PSP Investments

Shearman & Sterling advised HSBC as agent in connection with PSP Capital Inc.’s Regulation S offering of €75 million aggregate principal amount of 3.679% Senior Notes due 2043. The notes were issued under PSP Capital’s debt issuance program, and are guaranteed by PSP Capital’s parent, Public Sector Pension Investment Board (PSPIB).

The notes were listed on the Official List of the Irish Stock Exchange (now trading as Euronext Dublin) and admitted to trading on its Global Exchange Market (GEM).

PSPIB is one of Canada’s largest pension investment managers, based on assets under management. PSPIB manages and invests assets in the best interests of the contributors and beneficiaries of the pension plans of the Canadian federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. PSPIB had net assets of C$243.7 billion as of March 31, 2023.

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