Cheung Kong Holdings has raised $416.67 million in a sale of senior perpetual bonds, FinanceAsia reports. DBS and J.P. Morgan served as the joint book runners for the transaction. The notes carry a coupon rate of 5.125%. The flagship company owned by Hong Kong’s billionaire Li Ka-shing intends to use the proceeds for general corporate purposes, adds The Asset.
Click here for the story from FinanceAsia.
Click here for additional coverage from The Asset.