Hutchison Whampoa, controlled by Hong Kong tycoon Li Ka-shing, hit the market running early this week with a $1 5 billion dual-tranche bond The deal was announced on Monday, beating a heavy supply pipeline of Asian dollar bonds
No roadshows were held and the deal was slickly executed — as is usually the case with a seasoned borrower such as Hutch The Hong Kong-based conglomerate mandated banks last week and, by the weekend, was ready to go, ahead of the US presidential elections
“It was a standard Hutch operation,” said one banker “They were prepared They decided to go ahead of the US elections and got ahead of heavy Asian supply Already this morning, we...
¬ Haymarket Media Limited. All rights reserved.
