Hutch executes $5.4b euro and dollar jumbo

Hong Kong blue chip Hutchison Whampoa raises $5.4 billion in one fell swoop. What will it use the funds for?

Hutch executes $5.4b euro and dollar jumbo

Hutchison Whampoa, controlled by Hong Kong billionaire Li Ka-shing, tapped the senior bond marketĀ early Wednesday after a hiatus of nearly two years, raising a total of $5.4 billion in one fell swoop.

Hutchison, a sprawling blue-chip conglomerate that operates ports, telecommunications and infrastructure, achieved what few Asian borrowers can do. The company raised $3.5 billion through a dual-tranche US dollar bond and, concurrently, tapped the euro market with a 1.5 billion bond.

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