Hutchison Whampoa blasts to 3.75% with €1.75bn drive-by hybrid

There may have seemed little scope for further record-breaking in the European hybrid capital market this year after Electricité de France’s €6.25bn transaction in January. But Hutchison Whampoa changed that today, selling the equal largest single tranche hybrid in euros, at the lowest ever coupon on any corporate hybrid in euros – and doing it without a roadshow.