Sun Hung Kai launches landmark $400m bond

Investment and consumer finance company extends maturity profile through exchange and new bond offering.

The region’s top portfolio managers and analysts give us their considered views on the most admired corporations. China Unicom and China Telecom rank highly in China, Sun Hung Kai Properties and Champion REIT top the charts in Hong Kong, and TSMC shines in Taiwan.

Sun Hung Kai Properties yesterday evening priced a $500 million five-year bond, in a rare sole-led deal out of Asia.

If Warren Buffet is the Oracle of Omaha, Li Kai-shing is the Sage of South China. And Li's dynasy extends well beyond the region; the tycoon recently acquired a telecom in the EU.

The blue-chip property developer returns to the dollar bond market for the first time in three years, selling its first perpetual bond at a new record low coupon.

CIO Sebastiaan van den Berg discusses how Hong Kong-listed Sun Hung Kai & Co helps Chinese companies buy offshore assets and why he's wary of stretched valuations.