CK Hutchison Holdings returned to the international bond markets for the second time in two months on Tuesday, raising $1 billion from a perpetual non-call five-year bond that priced during New York hours.
The issuer rated A3A-A- by Moody’sSPFitch went out with initial price talk at the 4.375% area on Tuesday morning, before narrowing the 144AReg S deal to between 4% and 4.25%. The bond ended up pricing at par at the tight-end of the yield range, according to a term sheet seen by FinanceAsia.
Bankers used CLP’s outstanding 4.25% $750 million perpetual bond as a major...
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