Order books bulge for Hutch’s €5.2bn European outing
CK Hutchison, the Hong Kong conglomerate, took more than €10bn of orders on Tuesday for a six-tranche bond in euros and sterling as it opted not to squeeze the pricing as much as other recent deals.
The Baa1/A-/BBB+ rated issuer raised €4.25bn and £800m and did not push hard on pricing, according to a banker at one of the leads.
"It's cheap," said the lead. "Like everything in life, at the right price people will buy."In euros, Hutchison announced a four year tranche at initial ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com