Hutch hits market for sixt

Hutchison Whampoa showed a return to form yesterday (Tuesday) with a successful re-opening of its February 2013 bond. The $1 billion deal not only represents Asia's largest ever re-opening, but also now becomes the biggest single tranche issue traded in the Asian market. At a total issue size of $2.5 billion, it just pips an outstanding $2 billion bond by Petronas.