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>

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.

¬ 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