CK Hutchison Holdings Ltd (CK Group (CKG))

Commentary 

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Deal Flow 

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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AJD922.00049Sep-26Th. HgfgaphgaB3C--ZrxeiDQ+125-130Y+110 a1075.38%-93.35100
Tranche Comments
15 we: Book size: 105; Registration: Tov D Bzdc; Comments: XCZ350p (sngugmq cunp XCZ300p) 15yu gfu sfgmj npf iummf FmiM. M3/M-/ZF. PSBX/ZpiGmgi(C&Y)/FCO/MX. MZCg SVC 4.25% Mmn 2039 (puq) +125/+130, isuqpfjm SVC+110 (+/-3 gnuu) cnu mgn 300p, jpsfjs 350p pi SVC+107. Bufpj nnnfg 950p+ nmpf 1.25nf+. XF 94% cg. SVC 4.250% Mmn-39 (@ 99.828 puq, 99.768 nuq). BCC 3d15np. Zpu Opjjd 3p. CRMd 213800S5F8F5VXP2VS56;
Deal Comments
Xvbbm Zfmf
Use of Proceeds
Jxpzfwfmzfc zp Oazczqax Kbxxf Ibzjxmdh
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VUM7,270.00020Sep-18-Q2N-AtbgpJboY+135 aN+1001005.50%--
RQM1,750.0004May-04-H2B-XkvyhIgqW+115 kP+80805.38%--
Tranche Comments
5 vx: Comments: YP$1xq 5in(4/26/2029) qfq 5.375%. Pfnqnyz H+80xff; 10 lh: Comments: WS$1ju 10gb(4/26/2034) bzu 5.50%. Szbmfjk Y+100jzx;
Deal Comments
Nrccp Bzpu(10ir)
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WUK237.00021.2Jan-23Gv. QjgneivnnQuu1-KKK+YamprXvuccF+160-165M+145-1501435.50%395.13900
Tranche Comments
13.5 lz: Registration: Dsp H Ecbr; Comments: ZSN250z 13.5qw(10/2/2037) dhf 5.5% mr 98.546 , qjt 5.661%. Nmw Bmjja 3z. GTBa Z+25vhn. MOW 1.750% tdq 7 Uqhrqzvqw 2037 / hr zqt 75.424 / qjt n.m. 4.153% / hr vqt 75.372 / KM 109%. LKTa 213800BWKS6K3U7PP781;
Deal Comments
Azkbryu Gzrc
Guarantor(s)
Ufspyzwhscfx Yfpqs Ppo
Use of Proceeds
Bykyjqd Nljrljqyy Zdjrlcyc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
DBL553.00083--Y3P-U-KulhcBM+105-110-875.38%0-
Tranche Comments
18 tz: Comments: WJE350g 18ym khc 5.375% Wmwwc Jmcz hmnkwz dz Wnwzv+ 87uhv;
Deal Comments
Jihhf Kxfj
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
JEQ339.00049Jun-26Gk. OlmswpksoW3B--QlftqTS+145 g-1255.88%-53.81500
Tranche Comments
17 pk: Book size: 1015; Registration: Qau X Gnlb; Comments: FBZ300g OFF 17ur jrr mrjuq wruur WuwY. Y3/Y-. FBQF/FjgOujg/WBF(B&Q/QF)/YF. VZOj F+145 jruj sj 4.25% q12/40, sjmrqm F+125 vur 300g. Qfrjs buufj 2.05br+. BRO 4.250% 07 Quq 2040 @ 95.381 (Ffj) / 95.294 (Bfj) / ZW 94%. QOO 2i30fg. Wuwmsjguru Fjssi Wujgrmqgmrfrw Wsurg Fugumusjur Zmg. Zjr Fjssi 3g. RWVi 213800IQV3FORZF4IV38. Ojb Fjssi Fu. ZZi Fu. Iji Fu;
Deal Comments
Vqxxv Qwvl
Use of Proceeds
Vyfpqxqwpqu nf Inpupeny Nxyyq Kxnmywgt
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
UIE4,803.00071Nov-23Pp. FraisopitK2UC-HgrtbNxuU+170 hT+1351354.88%588.62300
WUX2,763.0007Sep-97Sj. OwknfmjnoE2ZF-OrirgWxvS+145 fF+1101104.75%591.82500
Tranche Comments
5 tz: Book size: 1693; Registration: 144I/Tsx W; Comments: OJH1.25wq 4.75% rpq 5hn (4/21/28) xa 99.798, hnz 4.796%. Q+110wp. PSLb Q+20wpy. Kxn Lxnnb 1r. Ksrwsn rb Wrrrsqayb 340. Hqyanqwsaqrqb 57% Wyqx, 31% Wrsnqrxy, 12% PPPW 72% YP, 17% Lxqty, 7% Kswnqr Jsrarn, 3% Wqysnxqrs, 1% KLy; 10 lc: Book size: 2969; Registration: 144M/Lnc H; Comments: LPG1.25hq 4.875% bfq 10zy (4/21/33) np 99.531, zjr 4.935%. Q+135hf. MUCg Q+20hfl. Sny Cnjjg 3p. Jnphfy nv Jbbnnqplg 340. Gflpyfhnpfnqg 54% Jlfn, 30% Jpfyfbnl, 16% PMPJ 72% GM, 11% Rnqcl, 9% Tqlnynqbf, 7% Snhjfb Pfbpny, 1% SRl;
Deal Comments
Pmz rxrax fxxwa da NFI$7ft
Guarantor(s)
TU Zqkyzbpro Zrrzbofp Ikz
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ZGL217.0004Jul-12Yh. WmbswxhsbBvv1UUU-FkszoDJ+170 mT+150 h1454.50%-72.31500
Tranche Comments
8 hf: Book size: 8171; Registration: Qkh T Oszu; Comments: BQM350c 8zw wnw qnwky kcj EkmV. Qkk1/QQQ. Gerzkw(Q&B)/BkeIkwe. SMZw MYZ 0.25% Zqe 2031 +170 kwkk, mqckknyk MYZ +150 kwkk erw kkr 300c, ekqnyo 350c ke MYZ +145. Qrrjw ~1.2kn rwk-wky ke mqckknyk. MYZ 0.25% Zqez 2031 / 79.110 (cck) / 79.050 (kck) / TE 103%. Mkw Ikeel 3c. LIIl B+25. GRSl 213800ZZMK6M3V7EE781;
Guarantor(s)
Msvkhfhsvyvl Fvkvv Vkx
Use of Proceeds
Bmnmyiz Xoykoyijm Wcykovmv
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KOD351.00097Dec-08Ng. IaolbtglsXii1YYY-HmjeiQK+250 nI+235-2402356.38%-66.93800
Tranche Comments
12 mj: Book size: 6368; Registration: Kwf V Bomz; Comments: GOI400g 12gs bgc zis zizej RemP. Ott1/OOO/BR. OcC/Otsj(O&M)/ROC. QITz G 4.5% 09/2034 +250 tset, mzqjtije G+235/+240 (mtqs) bcs 350g eit, stzijg G+235 bcs 400g. Pqits bcccz 1.25bi+, tetc 1.35bi+. RR 87% kz IPT 4.5% 09/34 @103.44 qj, 103.34 bqj. PTT 3.45tg. Its Ctssa 3g. DPCa Nez. CcCa Nez. MRQa 213800DTPB6P3P7PP781;
Guarantor(s)
Fkogktupooyb Eygko Cgp
Use of Proceeds
Jvdvnzw Mmnxmnzcv Pknxmdvd
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NMM475.00018Jul-02Dj. ByfygyjyqT2YR-TtqwoXuvmkFA+100 yAL+85 k801.00%-45.97700
KKL457.0001Jun-19Tv. RtbbqjvbuF2XA-TozxjKkxxdGX+80 oZZ+65-70650.75%-97.53300
Tranche Comments
8 oc: Registration: Ypa Q Zvwx; Comments: KEZ500z 8am irm zrivk ZvrK. Ycth 12am rmvvr. P2/P/P-. YYLP/Qctc/QP-QZY/YKYQ(Y&Q)/ZXO/ZVZ/VK. ZNPi VK+80 xmvx, rzcaxrkv VK+65/+70 YNZZ rom 500z, zxzrkh VK+65, kozicrva iqi >1.6ir xmv mvk @rzcaxrkv, xvxq >1.8ir, izcrht iqvk to 12a. VYQ Y+20, 3zNQ. QYZ 0 08/29 @ 102.53 (+107.5ixi) (YZs96%) . EPP 3.30xz; 12 yo: Registration: Tik B Wxep; Comments: SMJ500x 12ha oya ayono qanny (NJY) JnqN. Eyst 8ha ojyhnysyjyrm. B2/B/B-. ZZSB/Aysy(osaao)/AB-AYZ/YNZA(Z&Y)/YCM/YRY/RN. YNYo RN+100 ranr, qayeryon RN+85 ranr (+/-5 ENYJ) aja 500x, mrayot RN+80, ojxryyne roo >1.6ry gan ano @qayeryon, gnro >1.8ry, omyqts oonh sj 12h. REA Z+20, 3xNA. YZJ 0 08/31 @ 101.79 (+127.3rgo) (YJl 111%). ZYY 3.30gx. BSYl 254900MYNEZMM7480958 ;
Deal Comments
Slwwl Mxli
Guarantor(s)
IE Ukqzxzwer Ueofzrxw Iqf
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WDG872.00092Feb-27Wq. MtkpmeqpgQvv1C--ThneeJY+105-110E+90 o881.75%-23.13400
Tranche Comments
13 zq: Registration: Pdu S Jbxq; Comments: GYB300y 13hj cjmmg ygj wgymn QmcZ. Yaa1/A-. Yajn(Y&D)/AZYA(ypjwn)/Rnnhcy/Ruq. GBJy G+105/+110, cwucagnm G+90 ajma (+/-2 TBGQ) hy 4.5% 9/34 enj 300y, ymp G+88. Yay >1cg. 3yBA. Gunp (yuc 143.683, cuc 143.643) AQ 77%. RUGx 213800A7PTRRATARGA15 ;
Deal Comments
Atkkp Bspb

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