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CLP HOLDINGS' Subsidiary Issues 5.45% US$500M Perpetual Capital Securities
Recommend 4 Positive 3 Negative 10 |
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CLP HOLDINGS (00002.HK)’s CLP Power Hong Kong Limited (CLP Power) announced that its wholly-owned subsidiary, CLP Power HK Finance Ltd., successfully completed the issuance of US$500 million of 5.45% non-call 5.25-year perpetual capital securities. Proceeds from the securities will be used to redeem CLP Power HK Finance Ltd.'s outstanding US$500 million perpetual subordinated guaranteed capital securities issued on 6 November 2019. The securities are rated A3 and A- by Moody's and Standard & Poor’s (S&P) respectively, and will be listed on the Stock Exchange of Hong Kong. AAStocks Financial News |
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