By Marisa Wong
Los Angeles, Nov. 5 – Hutchison Port Holdings Trust’s indirect wholly owned subsidiary, HPHT Finance (19) Ltd., issued $500 million of 2 7/8% guaranteed notes due 2024 at 99.64, according to a company announcement.
The notes are guaranteed by Hutchison Port Holdings Trust acting through the trustee-manager, Hutchison Port Holdings Management Pte. Ltd., and its wholly owned subsidiary, HPHT Ltd.
Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., Merrill Lynch (Asia Pacific) Ltd. and Hongkong and Shanghai Banking Corp. Ltd. are the joint lead managers and joint bookrunners.
Proceeds will be used to refinance debt.
The port operator is a subsidiary of CK Hutchison Holdings Ltd., a multinational conglomerate based in Hong Kong.
| Issuer: | HPHT Finance (19) Ltd.
|
| Guarantors: | Hutchison Port Holdings Trust (through trustee-manager Hutchison Port Holdings Management Pte. Ltd.) and HPHT Ltd.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 5, 2024
|
| Bookrunners: | Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., Merrill Lynch (Asia Pacific) Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
|
| Coupon: | 2 7/8%
|
| Price: | 99.64
|
| Settlement date: | Nov. 5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
