Cheung Kong perp

Cheung Kong tests market with first HK dollar corporate perpetual

Bankers are watching to see how Cheung Kong's deal fares and what the fair value of the perpetual is, given the lack of comparables.

Li Ka-shing’s Cheung Kong Holdings is set to test the market with the first Hong Kong dollar-denominated corporate perpetual. The company plans to issue a senior perpetual non-call-five benchmark and it concludes a two-day roadshow in Hong Kong today. DBS is the sole arranger.

¬ 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