CK Hutchison Holdings (HKG:0001) is targeting to raise a maximum of $1.5 billion through the sale of US dollar-denominated bonds, Reuters reported Tuesday, citing sources familiar with the matter.
According to a term sheet seen by Reuters, the Hong Kong conglomerate intends to issue 5.5-year and 10-year bonds. Proceeds will be used for debt payment and general working capital.
The company did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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