Hutch strikes with opportunistic $1.5 billion bond

Li Ka-shing’s Hutchison Whampoa joined the wave of borrowers that have tapped the market so far this year, with a $1.5 billion dual-tranche five- and 10-year bond that priced early Wednesday morning. The company mandated Goldman Sachs, HSBC and J.P. Morgan late last week and pulled the trigger shortly after without conducting a roadshow.