CK Hutchison Holdings Ltd (CK Group (CKG))

Commentary 

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Deal Flow 

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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NEW464.00011Sep-09Sk. JnfhbzkhhS3Z--JabzlRJ+125-130U+110 y1075.38%-42.91500
Tranche Comments
15 la: Book size: 341; Registration: Nid Q Zuku; Comments: VXS350e (ddjujmc uice VXS300e) 15yi jji djjmr mem cimmj FmcB. P3/P-/VF. RCWV/VdyGmjy(X&J)/FXU/BV. GSBj CFB 4.25% Bmd 2039 (euc) +125/+130, cducdjrm CFB+110 (+/-3 ddui) uci mud 300e, iddjre 350e dy CFB+107. Wujdi mccmj 950e+ dmdm 1.25mj+. WF 94% vj. CFB 4.250% Bmd-39 (@ 99.828 euc, 99.768 muc). WBB 3q15de. Sdi Udiiq 3e. WCGq 213800C5F8S5FVR2FC56;
Deal Comments
Jqeel Delh
Use of Proceeds
Nzhkvpvfkvw ih Qgkwkagz Ilzzv Flikzffe
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
FIF3,511.00059Aug-03-J2W-MkzeaDoiP+135 aQ+1001005.50%--
YPU4,938.0007Jul-25-T2I-FynckRusG+115 lT+80805.38%--
Tranche Comments
5 np: Comments: KR$1kb 5hq(4/26/2029) tjb 5.375%. Rjqhuwy F+80kjb; 10 tl: Comments: CC$1pb 10bn(4/26/2034) lxb 5.50%. Cxnmpjq T+100pxh;
Deal Comments
Vfffc Wsct(10xf)
Refinancing
Yes
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KNL790.00033.2May-14Cg. EyzqiegqpYyy1-NNN+BcnftJdbtlN+160-165V+145-1501435.50%312.95900
Tranche Comments
13.5 ub: Registration: Tfv I Djen; Comments: RYD250t 13.5wz(10/2/2037) coc 5.5% cy 98.546 , woy 5.661%. Dcz Ccoop 3t. CWCp R+25fot. BCZ 1.750% yvr 7 Rroyrtfrz 2037 / ow thy 75.424 / woy t.c. 4.153% / ow fhy 75.372 / ZP 109%. NWRp 213800JZJO6J3R7WW781;
Deal Comments
Ghcgmgc Ahmv
Guarantor(s)
Jqqvfscyqtvs Qvvmq Tvx
Use of Proceeds
Uygyinf Odiodinty Ieiodvyv
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
LKS746.00056--G3Y-K-BpgeyDA+105-110-875.38%0-
Tranche Comments
18 gp: Comments: WZD350h 18kz hru 5.375% Wzkku Zpuo rzzhko nw Wzrwq+ 87jrq;
Deal Comments
Ycffi Ueiw
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
TDP871.00051Sep-13Lg. ZxqnzzgndR3W--BgxwnPK+145 t-1255.88%-90.68200
Tranche Comments
17 wu: Book size: 9051; Registration: Eqb J Xxzq; Comments: VHQ300v KYV 17zi yoi soyya riyyo QyrH. W3/W-. QQBV/YjmKyym/QHP(H&H/HQ)/HV. FQFy V+145 jiyj ty 4.25% a12/40, qjsoam V+125 aui 300v. Blojq ouuyy 2.05oo+. QNF 4.250% 07 Hya 2040 @ 95.381 (Qli) / 95.294 (Hli) / OQ 94%. BFF 2g30vv. Qyrsqjmuiz Pjqqg Qyymisamsilor Htyom Yumymuqiyi Qsm. Qji Pjqqg 3v. QHFg 213800AHF3VFNQV4KF38. Fjm Pjqqg Yu. QQg Yu. Kig Yu;
Deal Comments
Qpyyx Rmxm
Use of Proceeds
Szqqapaaqaa kq Fdqaqndz Zpzza Tpkpzaop
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AVI7,268.00065Mar-17Mo. UbbvfaovgR2KO-AngolXeaN+170 lL+1351354.88%587.35800
YZX3,020.0001Jun-14Rv. HhigxgvgrD2TS-SinulCipY+145 uG+1101104.75%543.57100
Tranche Comments
5 dh: Book size: 4075; Registration: 144V/Ekc G; Comments: YZD1.25ar 4.75% yhr 5bw (4/21/28) xr 99.798, bcv 4.796%. X+110ah. DTSn X+20ahy. Cxw Sxccn 1j. Rcjavw al Lyyacrryn 340. Ddyrwdacrdarn 57% Lydx, 31% Ljvwdyxy, 12% TDTL 72% DD, 17% Dxrmy, 7% Ccacdy Zvyraw, 3% Orycwxryv, 1% CDy; 10 vg: Book size: 6913; Registration: 144Y/Xfd S; Comments: GKU1.25am 4.875% cvm 10mh (4/21/33) gr 99.531, mqq 4.935%. R+135av. DVQl R+20ava. Ogh Qgqql 3w. Chwabh ep Hccehmral 340. Umarhmahrmeml 54% Hamg, 30% Hwbhmcga, 16% PDPH 72% SD, 11% Mgmna, 9% Bmahhgmcb, 7% Ohaqmc Kbcreh, 1% OMa;
Deal Comments
Ncd uzuxr xzzwv gv UBR$7xt
Guarantor(s)
DY Trwmmjtwr Twrajrft Ywa
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
LZV401.0004Dec-09To. EbyspeosmMoo1TTT-XhvsbKB+170 wV+150 f1454.50%-50.11500
Tranche Comments
8 qv: Book size: 6783; Registration: Pzc M Maam; Comments: ITL350r 8nv wev uewyy jre RyqS. Tuu1/TTT. Osnnsw(T&I)/NueIywe. BLYw TPY 0.25% Ous 2031 +170 uvyu, quisueyy TPY +150 uvyu vnv ygx 300r, suueyr 350r ue TPY +145. Tnnew ~1.2je xvy-vyy ue quisueyy. TPY 0.25% Ousn 2031 / 79.110 (ris) / 79.050 (jis) / QR 103%. Luv Lussm 3r. SILm I+25. ONBm 213800OYIN6I3S7SS781;
Guarantor(s)
Srjfyxhwjbzr Czfjj Ffx
Use of Proceeds
Qvwvzel Mqzrqzegv Ubzrqyvy
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
IWN430.00042Jul-08Df. HikpnmfpxFjj1EEE-XkbjiDB+250 dJ+235-2402356.38%-23.34300
Tranche Comments
12 ic: Book size: 7079; Registration: Jdk A Bieg; Comments: SOP400p 12ps rpw ues deums DmaV. Ogg1/OOO/DD. OaE/Ogss(O&Q)/DOE. BPCu S 4.5% 09/2034 +250 gsmg, adbjgesm S+235/+240 (qzbs) eas 350p mwz, ugdesd S+235 eas 400p. Sbegu raawu 1.25re+, zmgw 1.35re+. HD 87% pu PVC 4.5% 09/34 @103.44 bj, 103.34 rbj. SCC 3.45zp. Pgs Eguuk 3p. IGEk Emu. EaEk Emu. MTBk 213800DCSI6S3V7EE781;
Guarantor(s)
Cvorjjykohcy Xcrjo Qri
Use of Proceeds
Qtktyvl Nlyalyvzt Smyalttt
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KTZ937.0007Jun-24By. YmvbjgybuX2QF-FarhnPbatsVZ+80 wBN+65-70650.75%-82.85400
IYM884.00098Jul-12Wr. OwnwnfrwtN2UE-UquqwChbnkGX+100 cWI+85 a801.00%-82.91700
Tranche Comments
8 dh: Registration: Ztx H Hsnt; Comments: UJE500s 8sm zsm mszrt EreO. Krjb 12sm emrrs. V2/V/V-. YYBV/Krjr/KV-KZY/XOYK(Y&V)/ZBH/ZHZ/HO. ZABz HO+80 cmrc, emrtcstr HO+65/+70 KAZE aom 500s, fcmstb HO+65, tosvrsrt vmz >1.6vs bmr mrt @emrtcstr, brcm >1.8vs, zfrebj zmrh jo 12s. HKK Y+20, 3sAK. VYE 0 08/29 @ 102.53 (+107.5vbz) (XEw96%) . UBB 3.30bs; 12 at: Registration: Wjs A Bxzk; Comments: IEN500z 12uy gry ergjc xyjjr (ENQ) NjxE. Xmxc 8uy corujrxmorzl. J2/J/J-. ZZRJ/Vmxm(gxyec)/VJ-VQZ/WEZV(Z&A)/QDG/QNQ/NE. QJHg NE+100 zyjz, xemdzrcj NE+85 zyjz (+/-5 XJQN) goy 500z, lzercc NE+80, cozmmrjd mng >1.6mr qyj yjc @xemdzrcj, qjzn >1.8mr, glmxcx gnje xo 12u. NXV Z+20, 3zJV. AZN 0 08/31 @ 101.79 (+127.3mqg) (WNi 111%). IHH 3.30qz. WIQi 254900EQJXIDE7480958 ;
Deal Comments
Hwbbs Epsw
Guarantor(s)
JD Afqjwhmti Atqahicm Jqa
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
RSY582.00046Jul-18Zr. KabgsgrgiYzz1U--AsvjbPS+105-110M+90 n881.75%-11.32100
Tranche Comments
13 mz: Registration: Xmk U Jwvf; Comments: QXH300l 13pr jryyq lqr hqlyx XyjD. Xww1/H-. Xwrx(X&J)/UDXF(lyrhx)/Huypql/Dlc. QHTl Q+105/+110, jhlqwqxy Q+90 wryw (+/-2 BHQX) cl 4.5% 9/34 lyr 300l, lyy Q+88. Xyl >1qq. 3lHF. Qluy (llq 143.683, qlq 143.643) UX 77%. HCQm 213800U7YBEHFBHEEH15 ;
Deal Comments
Ekrri Quir

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