Li Ka-shing's CKI upsizes perpetual bond
Infrastructure group takes advantage of low rates to lock in long-term funding.
February 22, 2016
Cheung Kong Infrastructure Holdings (CKI) made a successful move to reduce its gearing level earlier this week with the sale of $1 billion worth of perpetual hybrid securities. The capital-raising attracted strong demand from retail accounts, impressed by the familiarity of the name and by the unique nature of the securities.
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