Bloomberg News

Cheung Kong Said to Sell Extra S$230 Million Perpetual Bonds

October 19, 2011

Oct. 19 (Bloomberg) -- Cheung Kong Holdings Ltd. increased the size of its existing Singapore dollar-denominated perpetual bonds by S$230 million, according to a person familiar with the transaction.

The new notes priced at 100.125 with a 5.25 percent coupon, said the person, who asked not to be identified because the details are private.

DBS Group Holdings Ltd., which managed the original sale, arranged the increase, the person said.

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

To contact the editor responsible for this story: Cecile Gutscher at cgutscher@bloomberg.net


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