HK Electric breaks four-year silence for dollar bonds

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By Alice Huang
03 Jun 2020

Hongkong Electric skipped a roadshow for its return to the dollar bond market after a four-year hiatus, relying on its rarity value and the defensive nature of the utilities sector to raise $500m.

The Hong Kong utility firm, which is rated A- by S&P Global Ratings, was last seen in the dollar debt market in 2016 when it sold a $750m 2.875% 2026 bond. That deal came five years after its previous issuance in 2011.

The infrequent nature of its ...

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