Hutch Ports sails away with $500m

By Morgan Davis
01 Nov 2019

Hutchison Port Holdings Trust seized the market window immediately after the Federal Open Market Committee meeting to sell a $500m five year bond on Thursday.

On Wednesday, the US Federal Reserve cut interest rates by 25bp, the third such cut since July, pushing the yield on the five year US Treasuries down to 1.61% from 1.66%. The yield on the five year US Treasuries stood at 1.51% at the end of the day ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial