CK Hutchison Holdings, controlled by Hong Kong billionaire Li Ka-shing, ended an 18-month issuance drought on Tuesday with a 2 billion $2.27 billion euro-denominated bond offering.
The deal marks the first transaction since Hutchison Whampoa and Cheung Kong Holdings were formally merged in March 2015, creating a blue chip conglomerate that operates across ports, telecoms, retail, energy and infrastructure.
For most of the past two decades Hutch has been Asia’s pre-eminent international borrower with a very strong reputation for leaving a few basis points on the tables so its deals trade well in the secondary market.
One fund manager told FinanceAsia...
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