Bloomberg News

Cheung Kong Said to Raise Size of Existing Perpetual Bonds

October 19, 2011

(Updates with coupon of bond in third paragraph and guarantor in fourth paragraph.)

Oct. 19 (Bloomberg) -- Cheung Kong Holdings Ltd. plans to increase the size of its existing Singapore dollar-denominated perpetual bonds, according to a person familiar with the transaction.

DBS Group Holdings Ltd., which managed the original sale, is arranging the increase, said the person, who asked not to be identified as the matter is private.

Cheung Kong sold the original S$500 million ($396 million) perpetual bond with a coupon of 5.25 percent on Sept. 1, according to data compiled by Bloomberg.

The perpetual notes were sold by Cheung Kong Bond Securities Ltd. and guaranteed by Cheung Kong (Holdings) Ltd., the person said.

--Editor: Beth Thomas

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus