Cheung Kong perp

Cheung Kong tests market with first HK dollar corporate perpetual

Bankers are watching to see how Cheung Kong's deal fares and what the fair value of the perpetual is, given the lack of comparables.

Denise Wee

June 28, 2012

Li Ka-shing’s Cheung Kong Holdings is set to test the market with the first Hong Kong dollar-denominated corporate perpetual. The company plans to issue a senior perpetual non-call-five benchmark and it concludes a two-day roadshow in Hong Kong today. DBS is the sole arranger.

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