New Issue: CK Hutchison prices $2 billion guaranteed notes in three tranches

By Rebecca Melvin

Concord, N.H., April 16 – CK Hutchison International (21) Ltd. priced $2 billion of senior notes in three tranches (A2//A-) guaranteed by CK Hutchison Holdings Ltd., according to market sources.

The deal included $500 million of 1˝% five-year notes; $850 million of 2˝% 10-year notes and $650 million of 3 1/8% 20-year notes.

The offerings were made under Regulation S and Rule 144A via Citigroup Global markets Inc., DBS Bank Ltd., Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Asia) LLC, Merrill Lynch (Asia Pacific) Ltd., Scotia Capital (USA) Inc. and SMBC Nikko Capital Markets Ltd. as lead managers and bookrunners.

The issue date was April 15.

The multinational conglomerate is based in Hong Kong with businesses including port operations and energy.

Issuer:	CK Hutchison International (21) Ltd.
Issue:	Senior notes
Amount:	$2 billion
Bookrunners:	Citigroup Global markets Inc., DBS Bank Ltd., Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Asia) LLC, Merrill Lynch (Asia Pacific) Ltd., Scotia Capital (USA) Inc. and SMBC Nikko Capital Markets Ltd.
Issue date:	April 15
Ratings:	Moody’s: A2
	Fitch: A-
Distribution:	Rule 144A and Regulation S
2026 notes
Amount:	$500 million
Maturity:	April 15, 2026
Coupon:	1˝%
2031 notes
Amount:	$850 million
Maturity:	April 15, 2031
Coupon:	2˝%
2041 notes
Amount:	$650 million
Maturity:	April 15, 2041
Coupon:	3 1/8%
Price:	99.567
Yield:	1.176%
Call option:	At par beginning July 17, 2028

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