Hutchison Port Holdings Trust (SGX:NS8U) issued $500 million in 5% guaranteed bonds due 2030, according to a Friday filing on the Singapore Exchange.
The bonds, issued by HPHT Finance (25), an indirect subsidiary, are guaranteed by HPH Trust and its unit HPHT Ltd. The issuance was priced at 99.577% of the principal amount, with interest payable semi-annually.
The bonds are expected to list on the Singapore Exchange on Feb. 25. Proceeds will be used to refinance existing debt, with any unused funds allocated to capital expenditures and general corporate purposes.
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