Hong Kong’s CLP Power leaps into Australian market with US$339 million Kangaroo bond

Quick Summary:

Hong Kong’s biggest electricity provider, said it has launched a three-year A$500 million Kangaroo bond, marking the first such foray by a Hong Kong commercial entity into the Australian market.

ANZ is the sole coordinator and joint lead manager for the transaction, while KDB Asia and KIS Asia acted as joint lead manager and co-manager respectively, according to CLP.

The floating-rate tranche was priced at 85 basis points above the benchmark three-month Bank Bill Swap rate.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong KongAustralia

Topics: Bonds Million Power Bond Australia Issued According Kangaroo Australian Hong Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 21:06:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21628749

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