New Issue: Hong Kong Telecom prices $500 million 3 5/8% notes due 2025 at 178 bps over Treasuries

By Christine Van Dusen

Atlanta, March 31 – Hong Kong Telecommunications Ltd. – via HKT Capital No. 2 Ltd. – priced $500 million 3 5/8% notes due Feb. 15, 2025 at 98.991 to yield Treasuries plus 178 basis points, a market source said.

BofA Merrill Lynch, HSBC, Mizuho Securities, ANZ, Deutsche Bank, Morgan Stanley and Standard Chartered Bank were the bookrunners for the Regulation S deal.

Issuer:	HKT Capital No. 2 Ltd.
Amount:	$500 million
Maturity:	Feb. 15, 2025
Description:	Senior notes
Bookrunners:	BofA Merrill Lynch, HSBC, Mizuho Securities, ANZ, Deutsche Bank, Morgan Stanley, Standard Chartered Bank
Coupon:	3 5/8%
Price:	98.991
Spread:	Treasuries plus 178 bps
Trade date:	March 30
Expected ratings:	Moody’s: Baa2
	Standard & Poor’s: BBB
Distribution:	Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.