QPH Finance, the financing arm of the Port of Brisbane, has mandated a couple of local banks to arrange a series of meetings with debt investors. Invariably a bond issue follows a week or two later, although in the Province of Quebec’s case the issue of bonds did not occur for over six weeks.
QPH last issued bonds in June 2014 with the issue of $200 million worth of July 2021s at Swap + 145bps into the domestic market and $USD750 million of 2029s into the US private placement market. QPH is rated BBB by Standard & Poor’s.