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Published on 4/18/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China's Cheung Kong buys back $74.7 million of 5 3/8% perpetuals

By Marisa Wong

Madison, Wis., April 18 - Cheung Kong (Holdings) Ltd. said special purpose vehicle Cheung Kong Bond Securities (03) Ltd. entered into a transaction on Thursday to purchase $74.7 million of its $500 million 5 3/8% guaranteed senior perpetual securities.

Settlement will take place on April 23.

Following the purchase, $425.3 million principal amount will remain outstanding.

The perpetual notes were issued in January.

Cheung Kong is a Hong Kong-based development conglomerate.


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