Hutch strikes bond market again, this time in euro

Hutchison Whampoa taps the euro bond market, achieving diversification and cost savings.

Hutch strikes bond market again, this time in euro
Hutchison Whampoa's Hong Kong headquarters

Li Ka-shing’s Hutchison Whampoa paid a surprise visit to the euro market on Wednesday, closing a 2 billion $2.5 billion dual-tranche bond that allowed the company to diversify its investor base and price inside its dollar curve.

Hutchison is a savvy borrower and the arranging banks Barclays, Deutsche Bank and J.P. Morgan were said to be in dialogue with the company for some time about tapping the euro market. The banks had been working...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES