Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Hutchison Whampoa prices US$1 bln-bond deal

Feb. 1, 2012 (China Knowledge) - Hutchison Whampoa Ltd<0013>, controlled by Hong Kong billionaire Li Ka-Shing, has priced its US$1 billion worth of two tranches of bonds in the U.S. credits markets.

One tranche of US$500 million, five-year bonds, with a coupon rate of 3.50%, is priced to yield 3.216% or 250 basis points (bps) over comparable Treasurys. The other tranche of US$500 million, ten-year bonds, with a coupon rate of 4.625%, is priced to yield 4.659% or 285 bps over Treasurys, sources reported.

Earlier last month, Hong Kong-listed Hutchison Whampoa sold US$1.5 billion worth of unsecured five-year and ten-year bonds with the yield of 275 bps over Treasurys.

The five-year tranche was trading at 218 to 228 bps over Treasurys with a coupon rate of 3.50%, while the 10-year tranche was trading at 257 to 263 bps over Treasurys with a coupon rate of 4.625%.

Goldman Sachs and HSBC Holdings Plc<0005> have been assigned as bookrunners on the planned deal. Moody's Investors Service has rated the bonds A3, while ratings of A- were made by Fitch Ratings and Standard & Poor's Ratings Services.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved