Hutch leans on old lenders for another HK$37.5bn

Hong Kong conglomerate Hutchison Whampoa is back in the market for another multibillion dollar loan, this time for its electricity arm, just weeks after it closed a chunky deal for another one of its subsidiaries. But despite the borrower leaning on the same banks to provide the new funding, the deal is likely to get across the line without a hitch as banks cannot afford to turn down one of the biggest companies in Asia, writes Rashmi Kumar.

  • By Rashmi Kumar
  • 10 Oct 2013
Controlled by Asia’s richest man Li Ka-shing, Power Assets Holdings said on September 27 that it was spinning off its electricity operations run by Hongkong Electric Co. The IPO will be completed via a trust structure, with investors buying stapled share units in two listed vehicles — Spinco ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,624.20 342 12.90%
2 Bank of America Merrill Lynch 99,769.11 286 10.85%
3 Wells Fargo Securities 87,449.35 261 9.51%
4 JPMorgan 67,955.87 206 7.39%
5 Credit Suisse 50,788.13 152 5.52%