HPH Trust in $1bn notes issuance

HPH Trust in $1bn notes issuance

Singapore: Hutchison Port Holdings Trust has been fund raising. Yesterday, the Singapore listed arm of the global port operator issued $500m 2.25% guaranteed notes due 2018 and another $500m 2.875% guaranteed notes due 2020.

Bank of America Merrill Lynch and HSBC were appointed as the joint bookrunners and the joint lead managers for the issuance of the notes.

HPH Trust said it intends to use the net proceeds from the issuance to pay back debts.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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