CLP Power prices $500 million 10-year bond

The 10-year deal is issued from the Hong Kong power producer's $2.5 billion medium-term note programme and prices aggressively thanks to stable market conditions.

CLP Power Hong Kong priced a $500 million 10-year bond rated A1 by Moody's and A by Standard and Poor's early on Saturday morning. The senior unsecured notes were Reg-S registered and formally issued by CLP Power Hong Kong Financing with CLP Power Hong Kong as guarantor. The bonds were issued under CLP's $2.5 billion medium-term note programme and will mature on March 19, 2020.

They pay a 4.75% coupon and were re-offered at 99.077 for a yield of...

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