Asia cross-border (investment grade) deal of the year – Cheung Kong Infrastructure Holdings

- Credit staff
- 06 Dec 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Issuer: PHBS Limited
Date of issue: September 21, 2010
Size of deal: $1 billion
Structure: Subordinated
Maturity: Perp NC5
Ratings: Unrated
Coupon: 6.625%

Cheung Kong Infrastructure Holdings, part of the Cheung Kong Group conglomerate controlled by Hong Kong billionaire Li Ka-shing, reopened the Asian corporate market for perpetual capital securities in September after a 13-year gap. The market had remained dormant since conglomerate Swire Pacific’s $300 million 8.84% bond in 1997.

CKI’s $1 billion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net