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2011 March 11   07:16

Hutchison Port Holdings Trust sets IPO price of $1.01

Li Ka-shing's Hutchison Port Holdings Trust priced its Singapore initial public offering at $1.01 per unit, meaning the listing will raise $5.4 billion, IFR reported on Friday.

The price was around the middle of the revised range of $0.99-$1.03 per unit.

DBS , Deutsche Bank and Goldman Sachs are joint bookrunners and issue managers for the offering that was previously expected to raise $5.8 billion.

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