Hutch sets new record for Asian bond market

Hutchison Whampoa topped off a year of many firsts last night (Wednesday) with the completion of a $5 billion three tranche bond issue via Citigroup, Goldman Sachs, HSBC and Merrill Lynch. All three tranches were priced at the tight end of revised indicative terms after accumulating a global order book of just over $13 billion and 698 separate accounts (with a large degree of overlap).