Hutchison launches refinancing

The ports-to-telecoms conglomerate returns to the Hong Kong loan market via HSBC and Bank of China.

Asia's best-loved company Hutchison Whampoa has launched a HK$12 billion $1.55 billion syndicated loan. The facility will be used to refinance an existing HK$12 billion loan which is coming due in November.

The loan is being arranged by HSBC and Bank of China and was put into general syndication last night. It will close in about two weeks. The deal has a split maturity of five and seven years, with HK$8 billion being raised through...

To continue reading, please login or register for free

Click for more on: hutchison | launches | refinancing

Print Edition

FinanceAsia Print Edition