Hutchison Port Holdings Trust has announced price guidance for an offering of 144A/Reg S notes of three and five years at respective yields of around 140bp and 150bp over US Treasuries. HPHT Finance will be the issuer of the notes, which are expected to come with ratings of Baa1/BBB+ (Moody’s/S&P). Bank of America Merrill Lynch and HSBC are joint bookrunners on the offering.