By Cady Vishniac
Detroit, Dec. 22 – Panther Ventures Ltd. issued $500 million of 3.5% guaranteed senior perpetual capital securities (A2) guaranteed by CK Asset Holdings Ltd., according to a notice.
J.P. Morgan, Mizuho and UBS are the joint bookrunners and joint lead managers.
Proceeds will be used for the general corporate purposes of CK Assets and its subsidiaries, including redemption of outstanding perpetual securities, according to Moody’s Investors Service.
CK Asset is a Hong Kong based multi-national conglomerate.
| Issuer: | Panther Ventures Ltd.
|
| Guarantor: | CK Asset Holdings Ltd.
|
| Issue: | Guaranteed senior perpetual capital securities
|
| Amount: | $500 million
|
| Maturity: | Perpetual
|
| Coupon: | 3.5%
|
| Pricing date: | Dec. 8
|
| Listing date: | Dec. 23
|
| Rating: | Moody’s: A2
|
| Distribution: | Regulation S
|
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