Hutch bond

Hutch returns to dollar market after contemplating Singapore dollar deal

Hutchison Whampoa is back again with a $1 billion hybrid, while Lotte Shopping closes a $400 million bond.
<div style="text-align: left;">
Li Ka-shing retains HSBC despite failed Sing dollar deal
</div>
<div style="text-align: left;"> Li Ka-shing retains HSBC despite failed Sing dollar deal </div>

Hutchison Whampoa, controlled by Hong Kong tycoon Li Ka-shing, priced a $1 billion hybrid early Thursday morning, returning to the US dollar bond market after meetings with Singapore dollar investors last month failed to lead to a deal. DBS and HSBC were arrangers for those meetings and, back in April, it was said to be a “non-deal roadshow”.

However, according to market participants, the leads were attempting to put together a deal, or at least testing the market. “There were no terms as far as I know. But, yes, everyone knew they were trying to put a deal together,” said one market participant, adding that the Singapore market was...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222