CK Hutchison unit calls €500 million subordinated perpetuals at par

By William Gullotti

Buffalo, N.Y., April 15 – CK Hutchison Capital Securities (Europe) Ltd. called all €500 million of its 3 7/8% subordinated guaranteed perpetual capital securities (ISIN: XS1892340826) guaranteed by CK Hutchison Holdings Ltd., according to notice on Monday.

The notes will be redeemed on June 13 at par plus accrued interest, resulting in a €519,375,000 total amount payable on the redemption date.

The subordinated perpetuals were issued in December 2018.

CK Hutchison is a Hong Kong-based conglomerate with business operations in the ports, retail, infrastructure, energy and telecommunications sectors.

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