Super Hutch times it right to sell $1.5bn bond
Hutchison Whampoa, the Hong Kong conglomerate, made a textbook return to the international bond markets this week, walking away with $1.5bn at an impressively tight price after drawing orders worth over $6bn.
The A3/A-/A- rated issuer sold a 10 year deal yielding 7.672%, or 475bp over Treasuries. This was at the tight end of final guidance after investors flocked to the companys first dollar bond issue since 2003.
Lead managers Deutsche Bank, HSBC and JPMorgan priced the bond in New York
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.