HK Electric sparks into life with $750m bond

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By Narae Kim
22 Apr 2016

Hongkong Electric has made a successful comeback to the bond market after an absence of more than five years. Thanks to its status as a premium and a rare credit, the company reeled in investors and priced the trade well inside fair value.

The —/A- rated company’s last dollar bond was in January 2011, when it tapped its existing 4.25% 2020s for an additional $250m. The original bond had been issued only a month before the tap.

Although the utilities firm has been raising funds through other means, including ...

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