HK Electric ramps up voltage on bond pricing

Li Ka-shing's HK Electric hopes scarcity value will compensate for aggressive pricing.

HK Electric ramps up voltage on bond pricing
Always happy with the levels investors are prepared to pay for his brands

Li Ka-shing’s HK Electric HKE executed its first benchmark dollar bond deal in just over five years on Thursday with an aggressively priced $750 million offering.

The 10-year Reg S transaction was timed to take advantage of a risk-on move in US Treasuries, which pushed investment grade credit tighter across the board on Thursday. 

Both of Wednesday's new issues for BOC Aviation and the Federation of Malaysia tightened 8bp to 10bp...

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