Hutchison Whampoa : Prices Two-Part Euro-Denominated Bond Issue

05/30/2012| 10:40am US/Eastern

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Hong Kong-based ports-to-telecommunications operator Hutchison Whampoa Ltd. (0013.HK)priced a two-part, euro-denominated bond, one of the banks running the deal said Wednesday.

Barclays PLC, Deutsche Bank AG and JPMorgan Chase & Co. were the lead managers of the sale, which has the following terms:

 
Five-year bond: 
 
Amount:           EUR1.25 billion 
Maturity:         June 6, 2017 
Coupon:           2.5% 
Reoffer Price:    99.606 
Payment Date:     June 6, 2012 
Spread:           140 basis points over midswaps 
 
Ten-year bond: 
 
Amount:           EUR750 million 
Maturity:         June 6, 2022 
Coupon:           3.625% 
Reoffer Price:    99.950 
Payment Date:     June 6, 2012 
Spread:           190 basis points over midswaps 
 
Common Terms: 
 
Debt Ratings:     A3 (Moody's) 
                  A- (Standard & Poor's) 
                  A- (Fitch) 
Denominations:    EUR1,000; EUR100,000 
Listing:          Singapore 
 

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com (Natasha Brereton-Fukui in Bangkok contributed to this article.)

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