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China’s Cheung Kong calls all $425.3 million 5 3/8% senior perpetuals
By Marisa Wong
Morgantown, W.Va., Dec. 12 – CK Hutchison Holdings Ltd. and Cheung Kong (Holdings) Ltd. announced the redemption of Cheung Kong Bond Securities (03) Ltd.’s 5 3/8% guaranteed senior perpetual securities. The securities were issued by Cheung Kong Bond and are guaranteed by CK Hutchison and Cheung Kong (Holdings).
The securities will be redeemed in whole on Jan. 24 at par plus accrued distributions to the redemption date.
As of Dec. 12, $425.3 million of the original $500 million principal amount remains outstanding.
Cheung Kong is a Hong Kong-based development conglomerate.
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