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...

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