New Issue: Hong Kong and China Gas prices $300 million 4¾% perpetual notes at par

By Christine Van Dusen

Atlanta, Jan. 22 - Hong Kong and China Gas Co. (Towngas) priced $300 million 4¾% perpetual notes (expected ratings: A3/A-/) at par to yield 4¾%, a market source said.

The notes were talked at a yield in the 5% area.

HSBC, JPMorgan and Morgan Stanley were the bookrunners for the Regulation S deal.

Issuer:	Hong Kong and China Gas Co. (Towngas)
Amount:	$300 million
Maturity:	Perpetual
Description:	Notes
Bookrunners:	HSBC, JPMorgan, Morgan Stanley
Coupon:	4¾%
Price:	Par
Yield:	4¾%
Trade date:	Jan. 21
Settlement date:	Jan. 28
Expected ratings:	Moody's: A3
	Standard & Poor's: A-
Distribution:	Regulation S
Price talk:	5% area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.