Cheung Kong hybrid

CKI further innovates with unique hybrid structure

Cheung Kong Infrastructure’s new corporate hybrid uses equity upside to increase the probability of a call.
Li Ka-shing, chairman of Cheung Kong
Li Ka-shing, chairman of Cheung Kong

Cheung Kong Infrastructure (CKI), one of Li Ka-shing’s flagship companies, is no stranger to innovation. In 2010, it re-opened the Asian hybrid market after a hiatus of more than a decade with a $1 billion corporate hybrid, and it has now returned with another novel hybrid.

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