Hutchison holders tender £274.95 million sterling notes due 2017, 2026, €276.25 million euro notes

By Susanna Moon

Chicago, June 29 - Hutchison Whampoa Ltd. subsidiaries Hutchison Whampoa Finance UK plc and Hutchison Whampoa Finance (06) Ltd. received £91 million of Hutchison Whampoa Finance UK's £300 million 5.625% series A guaranteed notes due 2017 and £183.95 million of its £400 million 5.625% series B guaranteed notes due 2026 and €276.25 million of Hutchison Whampoa Finance (06)'s €1 billion 4.625% guaranteed notes due 2016.

The tenders are being carried out by Daystep Ltd., Ideal Zone Ltd. and Plan Bright Ltd., all British Virgin Islands subsidiaries of the parent company.

Covered by the tender are up to £350 million principal amount of sterling notes and €300 million of euro notes.

First priority in the sterling tender is the series B sterling notes. Plan Bright previously said it will pay £840 per £1,000 principal amount of these notes.

Second priority is the series A sterling notes, which Ideal Zone will buy at £953 per £1,000 principal amount.

Daystep tendered for the euro notes and offered to pay €955 per €1,000 principal amount. Hutchison Whampoa and affiliates already own €52.35 million of this issue.

Holders will also receive accrued interest up to but excluding the settlement date, which is expected to be June 30.

The tender ended at 6 a.m. ET on June 26. The offer began on June 17.

Calyon (+44 20 7214 7408 or +852 2826 7363) is the dealer manager. Lucid Issuer Services Ltd. (+ 44 20 7704 0880) is the tender agent.

Hutchison Whampoa is a Hong Kong-based infrastructure conglomerate.

© 2015 Prospect News.
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