Hutch returns to dollar market after contemplating Singapore dollar deal

Hutchison Whampoa is back again with a $1 billion hybrid, while Lotte Shopping closes a $400 million bond.

Hutch returns to dollar market after contemplating Singapore dollar deal

Hutchison Whampoa, controlled by Hong Kong tycoon Li Ka-shing, priced a $1 billion hybrid early Thursday morning, returning to the US dollar bond market after meetings with Singapore dollar investors last month failed to lead to a deal. DBS and HSBC were arrangers for those meetings and, back in April, it was said to be a “non-deal roadshow”.

However, according to market participants, the leads were attempting to put together a deal, or at...

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