New Issue-Hutchison Whampoa sells $2 bln in perpetual nts

Oct 21 (BestGrowthStock) – Hutchison Whampoa International Ltd on
Thursday sold $2 billion of perpetual fixed to floating rate
notes in the 144a private placement market, said IFR, a Thomson
Reuters service. The notes are guaranteed by Hutchison Whampoa
Ltd. (0013.HK: )

Goldman Sachs was the sole bookrunning manager for the
sale.
BORROWER: HUTCHISON WHAMPOA INTERNATIONAL LTD
AMT $2 BLN COUPON 6.00 PCT* MATURITY PERPETUAL
TYPE NTS ISS PRICE 100.00 FIRST PAY N/A
MOODY’S Baa2 YIELD 6.00 PCT SETTLEMENT 10/28/2010
S&P TRIPLE-B SPREAD 488.5 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B MORE THAN TREAS NON-CALLABLE 5 YRS
*COUPON STEPS UP IN 2020 TO 3M LIBOR + 563.75 BPS

New Issue-Hutchison Whampoa sells $2 bln in perpetual nts