Hutchison loan finally launched into general syndication û for real

While the demise of the bond issue was embarassing for Hutch (and its bankers), the present loan deal also has its fair share of controversies.

The much-talked about loan from Hutchison Whampoa has finally been launched into general syndication after weeks of waiting.

That the deal comes to market one week after the withdrawal of Hutchison's Eu1.5 billion bond sale should be no surprise. That the loan has not been increased in the wake of the bond's demise has caused some surprise, however. It has led a number of analysts to speculate that Hutch will re-engage the bond markets once conditions settle.

The five-year bullet...

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