Hutch issues first euro perpetual from Asian borrower

Li Ka-shing-controlled Hutchison Whampoa wades into the euro market with the first euro-denominated hybrid from an Asian borrower.
<div style="text-align: left;"> Hutch HQ in Hong Kong </div>
<div style="text-align: left;"> Hutch HQ in Hong Kong </div>
May 09, 2013

Hutchison Whampoa became the first Asian borrower to issue a euro-denominated perpetual when it closed a €1.75 billion ($2.3 billion) perpetual on Tuesday night. The perpetual offered a coupon of 3.75% — which was the lowest coupon for a perpetual from an Asian borrower.

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