Hutchinson Port Holdings

Hutchinson Port Holdings: Has set an indicative price of US$1.01 for its IPO, at middle of its US$0.99-1.03 indicated range, to raise US$5.4bn. At US$1.10/unit, yield is 5.8% vs 7% of many SG business and property trusts. Pricing shows that while the offering is well supported by institutional investors, market participants remain cautious. Final pricing comes on Mon but it's unlikely to change from this price, according to sources.