Hutchison returning to international bond markets

The group mandates three banks for $1 billion equivalent financing.

In a bid to term out its maturity profile and ease pressure on its capital structure, Hutchison Whampoa is set to re-finance bank loans relating to its recent acquisition of Dutch retail company Kruidvat with a $1 billion equivalent bond issue.

Unusually the diversified conglomerate has awarded books to three of its biggest 3G lenders rather than a host of US investment banks. Where previously Goldman Sachs and Merrill Lynch have dominated its capital markets business, Deutsche Bank, HSBC and...

To continue reading, please login or register for free

Click for more on: hutchison | returning | international | bond | markets

Print Edition

FinanceAsia Print Edition

CONFERENCES