By Aaron Hochman-Zimmerman
New York, March 6 - Hutchison Whampoa Ltd. priced $1.5 billion of 10-year senior unsecured bonds (A3/A-/A-) at a spread of Treasuries plus 475 basis points, according to a market source.
The bonds priced in line with talk and came to market at 99.676 with a coupon of 7 5/8% to yield 7.672%.
Deutsche Bank, HSBC and JPMorgan acted as bookrunners for the Rule 144A and Regulation S deal.
Hutchison Whampoa is a Hong Kong-based infrastructure conglomerate.
Issuer: Hutchison Whampoa Ltd.
Issue: Senior unsecured bonds
| Amount: | $1.5 billion
|
| Maturity: | April 9, 2019
|
| Coupon: | 7 5/8%
|
| Price: | 99.676
|
| Yield: | 7.672%
|
| Spread: | Treasuries plus 475 bps
|
| Bookrunners: | Deutsche Bank, HSBC, JPMorgan
|
| Pricing date: | April 6
|
| Settlement date: | April 9
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Price talk: | Treasuries plus 475 bps
|
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