Hongkong Electric pulls dollar bond amid Asian stock rout

Hongkong Electric becomes the second Asian issuer to pull a US dollar bond this week as investors refuse to take on more risk.

Li Ka-shing’s Hongkong Electric Finance was forced to pull its 10-year US dollar benchmark bond on Tuesday night as investors shied away from the deal amid simmering geopolitical tensions on the Korean peninsula and a spike in risk aversion.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media