Hongkong Electric pulls dollar bond amid Asian stock rout

Hongkong Electric becomes the second Asian issuer to pull a US dollar bond this week as investors refuse to take on more risk.

Li Ka-shing’s Hongkong Electric Finance was forced to pull its 10-year US dollar benchmark bond on Tuesday night as investors shied away from the deal amid simmering geopolitical tensions on the Korean peninsula and a spike in risk aversion.

¬ Haymarket Media Limited. All rights reserved.

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