Sixt sense - part 1

In part one of a two part interview, Hutchison Whampoa group finance director Frank Sixt and Treasurer KS Chan discuss liability management, spread levels and why the rating agencies forward-looking views are wrong.

What are your funding requirements for the rest of the year

Sixt Most of our funding requirements and particularly in telecoms have been squared away in the last twelve months. We've also restructured the overall financing of our telecommunications interests in India taking advantage of new opportunities to lower the cost of debt there.Frank Sixt So we now have fairly modest requirements associated with new operations we've taken on in our ports division, for example, or re-financing that might come with various acquisitions. Basically we're back to our normal position of continually eying the debt markets for opportunities to reduce the cost of debt capital and to improve the structure of our balance sheet. However, we're...

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