Li Ka-shing's CKI upsizes perpetual bond

Infrastructure group takes advantage of low rates to lock in long-term funding.

Li Ka-shing's CKI upsizes perpetual bond

Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure CKI raised $1.2 billion from the sale of an upsized perpetual bond on Monday, taking advantage of investors' ongoing search for yield at a time when Treasuries remain stuck near 50-year lows. 

The fact that fixed-income analysts described the deal structure as issuer friendly appears to have had little impact on the scores of private banking investors who like perpetual bonds by strong investment...

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