Towngas prices landmark hybrid

The Hong Kong-based energy supplier sold the highest-rated perpetual in Asia for two years, which was six times oversubscribed.

The Hong Kong and China Gas Company, known as Towngas, raised a $300 million perpetual non-call five hybrid note on Tuesday – its first ever perp –  attracting high-quality investors and potentially opening up the market for more to come in the future.

¬ Haymarket Media Limited. All rights reserved.

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