Shearman & Sterling represented HSBC Bank plc as agent in connection with PSP Capital Inc.’s Regulation S offering of €100 million aggregate principal amount of 3.679% Senior Notes due 2038. The notes were issued under PSP Capital’s debt issuance program, and are guaranteed by PSP Capital’s parent, Public Sector Pension Investment Board, or 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 had net assets of C$230.5 billion as of March 31, 2022.

The Team