New Issue: China's Hutchison Whampoa prices $1.5 billion of five-, 10-year notes

By Christine Van Dusen

Atlanta, Jan. 11 - Hong Kong's Hutchison Whampoa Ltd. priced $1.5 billion of notes due 2017 and 2022 (A3/A-/A-), a market source said.

Goldman Sachs, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.

The deal included $500 million 3½% notes due Jan. 13, 2017 that came to the market at 99.519 to yield Treasuries plus 275 basis points and $1 billion notes due Jan. 13, 2022 that priced at a spread of Treasuries plus 275 bps.

Hutchison Whampoa is a Hong Kong-based business conglomerate.

Issuer:	Hutchison Whampoa Ltd.
Amount:	$1.5 billion
Description:	Notes
Bookrunners:	Goldman Sachs, HSBC, JPMorgan
Trade date:	Jan. 10
Settlement date:	Jan. 13
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Rule 144A and Regulation S
Five-year notes
Amount:	$500 million
Maturity:	Jan. 13, 2017
Coupon:	3½%
Price:	99.519
Spread:	Treasuries plus 275 bps
10-year notes
Amount:	$1 billion
Maturity:	Jan. 13, 2022
Spread:	Treasuries plus 275 bps

© 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.