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Cheung Kong Raises $417M In Debt Issue

Cheung Kong Holdings has raised $416.67 million in a sale of senior perpetual bonds.

    Cheung Kong Holdingshas raised $416.67 million in a sale of senior perpetual bonds,FinanceAsiareports.DBSandJ.P. Morganserved 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 billionaireLi Ka-shingintends to use the proceeds for general corporate purposes, addsThe Asset.

    Click here for the story fromFinanceAsia.

    Click here for additional coverage fromThe Asset.

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