Hutchison Whampoa sets talk for three-tranche dollar, euro notes

By Christine Van Dusen

Atlanta, Oct. 28 – China’s Hutchison Whampoa Ltd. set talk for a three-tranche offering of dollar- and euro-denominated notes (expected ratings: A3/A-/A-), a market source said.

The three-year dollar notes were talked at a spread in the Treasuries plus 110 basis points area.

The 10-year dollar notes were talked at a spread in the Treasuries plus 150 bps area.

And the €1.5 billion seven-year notes were talked at a spread of mid-swaps plus 68 bps.

Barclays, Credit Agricole, Deutsche Bank, Goldman Sachs and HSBC are the bookrunners for the Rule 144A and Regulation S transaction.

Hutchison Whampoa is a Hong Kong-based business conglomerate.

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