Hutch beats Asian bond record

摘要

Hong Kong conglomerate hutchison whampoa last week beat its own record for Asia's largest corporate bond with an opportunistic dual-currency issue that raised an impressive US$5.4bn. The size of the issuance, split into a US$2bn 1.625% three-year, a US$1.5bn 3.625% 10-year and a €1.5bn 1.375% seven-year, trumps Sinopec's US$5bn multi-tranche offering in early April and Hutchison's own US$5bn bond printed in 2003. Including financial issuers, only Bank of China has raised more from the international bond markets in a single deal. It sold a US$6.5bn Additional Tier 1 offering earlier this month.