The funds were raised via a two $500m bond issues – one with a three year tenure and the other with a five year life span.
HPH Trust said proceeds from the fund raiser would go towards refinancing existing debt.
The notes due 2018 and those due 2020 will bear interest at 2.25% and 2.875% per annum respectively.
Bank of America Merrill Lynch and HSBC are joint bookrunners and the joint lead managers for the issuance of the notes.
HPH
