CKI takes hybrid route to improve finances

Cheung Kong Infrastructure finds strong retail support for its $1 billion issue of perpetual securities.

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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