ictsi

Philippine port operator ICTSI pulled off a neat trick last week, boosting its capital at the same time as cutting its interest costs.

Philippine container terminal operator brings well-timed second perpetual of the year ahead of the early autumn rush and potential interest rate volatility.

The Philippine port operator embarks on a liability management journey, swapping its old bonds with new ones and saving about 2% in total cost.

Port operator ICTSI, which is controlled by Philippine billionaire Enrique Razon, isn't daunted by the risks of expanding beyond Asia to places as diverse as Honduras, Nigeria and Argentina.

Hopson Development receives $6 billion worth of orders for its junk bonds.

Indonesia raises 30-year money and Philippine port operator ICTSI reopens its hybrid issue, but both deals trade below their issue price in the secondary market.

Asia's corporate hybrid market is well and truly open. ICTSI closes the first dollar hybrid out of the Philippines, while China Resources Power prices a $750 million perpetual.

International Container Terminal Services Inc taps its recent $250 million 10-year issue that priced in mid-March, increasing the size to $450 million.