Jiuji Financial News, Cheung Kong Hutchison Industrial Co., Ltd. (CK Hutchison Holdings Limited, referred to as "CK Hutchison", 00001.HKMoody's Corporation: A2 stable, S & P: a stable, Fitch: a-stable) it is proposed to issue Reg S, euro-denominated, 8-year notes and 12-year green notes. (IPG)
The terms are as follows:
Issuer: CK Hutchison Europe Finance (21) Limited
Guarantor: Cheung Kong Hutchison Industrial Co., Ltd.
Guarantor rating: Moody's Corporation: A2 stable, S & P: a stable, Fitch: A-stable
Expected offering rating: A2Compact A-(Moody's Corporation / S & P / Fitch)
Type: advanced unsecured
Release rules: Reg S
Term: 8 years | 12 years (green)
Scale: euro benchmark size | (estimated) 500 million euros
Initial guidance price: MS+80bps region | MS+100bps region
Delivery date: November 2, 2021 (Test4)
Use of funds: refinancing certain debts and general corporate purposes | according to the guarantor's sustainable financing framework, net income (or its equivalent) financing or refinancing all or part of assets, projects, investments and other related and supporting expenses
Other terms: minimum face value / increment of 100000 euros / 1000 euros; English law applicable; listing on the Singapore Stock Exchange
Joint bookrunners: BBVA, Citigroup Inc, Oriental Huili, HSBC, ING, Italy's United Bank of S ã o Paulo and Morgan Stanley
Structural consultant for sustainable development: Citigroup Inc