Perp rush continues with Cheung Kong, BEA bonds

The Hong Kong duo enjoy a constructive reception from the market, making the most of investors’ desperation for yield.

Perp rush continues with Cheung Kong, BEA bonds

Asian bond issuers are taking advantage of a search for yield among investors, selling a plethora of subordinated and perpetual bonds deals that can sometimes be a tough pitch in more challenging markets.

Cheung Kong Property and Bank of East Asia became the latest issuers to make the most of the receptive environment on Thursday, raising $2 billion between them. The deals followed perpetual bonds from CK Hutchison a sister company of Cheung Kong...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...