By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – Panther Ventures Ltd. issued $300 million of 3.8% perpetual capital securities (A2) guaranteed by CK Asset Holdings Ltd., according to a Hong Kong Stock Exchange notice.
BofA Securities, Deutsche Bank, HSBC, J.P. Morgan and UBS are the bookrunners and lead arrangers.
Proceeds will be used for the general corporate purposes of CK Assets and its subsidiaries, including redemption of outstanding perpetual securities.
CK Asset is a Hong Kong based multi-national conglomerate.
| Issuer: | Panther Ventures Ltd.
|
| Guarantor: | CK Asset Holdings Ltd.
|
| Issue: | Capital securities
|
| Amount: | $300 million
|
| Maturity: | Perpetual
|
| Coupon: | 3.8%
|
| Rating: | Moody’s: A2
|
| Listing date: | Sept. 18
|
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