CKI is said to be furthest advanced in the establishment of a debut Euro-MTN programme, with signing expected to take place next month. A dealer group is currently in the process of being formed for what is expected to be a $1 billion-$2 billion facility arranged by the group's affiliated securities arm, CEF Capital.
Hong Kong's largest diversified infrastructure company, CKI, is run by tycoon Li Ka-shing's son Victor Li and has been an infrequent visitor to the capital markets. Rated at Hong Kong's sovereign A3A- ceiling, it has traditionally maintained a conservative financial profile, with debt-to-total capitalization historically standing below 20% and cash flow interest...
