By Paul A. Harris
St. Louis, June 22 - Hong Kong-based conglomerate Hutchison Whampoa Ltd. priced €1 billion of 10-year notes (A3/A-/A-) at 99.75 with a 4 1/8% coupon to yield 4.156%, according to a market source.
The yield is equivalent to mid-swaps plus 93 basis points, inside of the mid-swaps plus 95 bps price talk.
ABN Amro, Deutsche Bank Securities and HSBC were the bookrunners.
The trading company has operations in retailing, manufacturing, ports, energy, telecommunications, lodging and property management in China and elsewhere in the Asia-Pacific region.
| Issuer: | Hutchison Whampoa Ltd.
|
| Amount: | €1 billion
|
| Maturity: | June 28, 2015
|
| Bookrunners: | ABN Amro, Deutsche Bank Securities, HSBC
|
| Coupon: | 4 1/8%
|
| Price: | 99.75
|
| Yield: | 4.156%
|
| Spread: | Mid-swaps plus 93 basis points
|
| Settlement date: | June 27
|
| Credit ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Price talk: | Mid-swaps plus 95 basis points
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
