Hutchison Whampoa leads new debt charge

Asia''s most dynamic corporate credit is seizing a market opportunity to reduce its borrowing costs.

One of only a handful of Asian borrowers ready, willing, or able to take advantage of shifting market sentiment, Hutchison Whampoa sets off on roadshows for a $1.5 billion 10 and 30 year 144a transaction on Tuesday.

Backed by lead managers Goldman Sachs, JP Morgan and Merrill Lynch, the A3A-rated credit is said to remain flexible about tranche size and will wait to determine investors' response before making a final decision. Two teams have been put together, with CFO Frank Sixt leading one set of officials who will begin presentations on the US West Coast US Tuesday and his deputy Don Roberts leading Hong Kong presentations on the same day....

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