By William Gullotti
Buffalo, N.Y., July 29 – Cheung Kong Infrastructure Finance (BVI) Ltd. issued $300 million of 4% perpetual capital securities (BBB) guaranteed by parent company CK Infrastructure Holdings Ltd., according to a notice Thursday.
HSBC and UBS are the joint global coordinators, joint bookrunners and joint lead managers.
Listing of the Regulation S notes on the Stock Exchange of Hong Kong Ltd. is expected to become effective on July 30.
The infrastructure company is based in Hong Kong.
| Issuer: | Cheung Kong Infrastructure Finance (BVI) Ltd.
|
| Guarantor: | CK Infrastructure Holdings Ltd.
|
| Issue: | Capital securities
|
| Amount: | $300 million
|
| Maturity: | Perpetual
|
| Bookrunners: | HSBC and UBS
|
| Coupon: | 4%
|
| Pricing date: | July 22
|
| Listing date: | July 30
|
| Ratings: | S&P: BBB
|
| Distribution: | Regulation S
|
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