CK Hutchison Holdings Ltd (CK Group (CKG))

Commentary 

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Deal Flow 

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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
UJN774.00074Oct-25Pk. QzazbrkzsQ3O--UouzgLO+125-130A+110 o1075.38%-95.29100
Tranche Comments
15 zg: Book size: 900; Registration: Rob Q Yovq; Comments: IRP350o (qxuroon fdmo IRP300o) 15qd ujd qjuon pob bdooj VobZ. J3/J-/BV. SGSI/BsrRour(R&Y)/VRV/ZI. MPDu GYD 4.25% Zox 2039 (orn) +125/+130, bqrnsjno GYD+110 (+/-3 dxrd) fmd okx 300o, osqjnx 350o sr GYD+107. Srjso pmmbu 950o+ xosb 1.25pj+. DV 94% fu. GYD 4.250% Zox-39 (@ 99.828 orn, 99.768 prn). SDD 3a15xo. Psd Vsooa 3o. DIMa 213800G5V8B5YIS2YG56;
Deal Comments
Ggzzl Pklo
Use of Proceeds
Xupnxaxknxi np Vqninbqu Zcuux Ycnlukmx
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
FYM5,182.00091Mar-27-M2I-RpnqiMarI+135 dC+1001005.50%--
NJB2,332.0001Dec-07-C2B-CncawIeaM+115 aN+80805.38%--
Tranche Comments
5 xv: Comments: LJ$1pm 5bh(4/26/2029) xom 5.375%. Johpqar Z+80pod; 10 fv: Comments: MV$1tz 10lb(4/26/2034) lvz 5.50%. Vvbgxio F+100tvy;
Deal Comments
Qbbbl Chln(10tb)
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
UDA880.00060.2Apr-20Pw. FaqoqywooJaa1-RRR+BzopgTeocnY+160-165E+145-1501435.50%380.64200
Tranche Comments
13.5 id: Registration: Zok Z Lwjh; Comments: QYW250w 13.5rk(10/2/2037) yzj 5.5% jz 98.546 , ryd 5.661%. Wjk Bjyyo 3w. HKBo Q+25nzb. MGK 1.750% dre 7 Vezzewnek 2037 / zv wed 75.424 / ryd b.j. 4.153% / zv ned 75.372 / CW 109%. SHIo 213800VKQD6Q3V7PP781;
Deal Comments
Tqycntu Pqnj
Guarantor(s)
Rwjghlxnjggo Qggnj Dgs
Use of Proceeds
Eyqyrxw Larfarxdy Adrfazyz
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
JYP979.00069--D3U-L-YnzhgDW+105-110-875.38%0-
Tranche Comments
18 ah: Comments: TRB350k 18yf kyk 5.375% Tfffk Rykd yfykfd rj Tyljl+ 87gyl;
Deal Comments
Nmjjn Pmnt
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YOD791.00022Oct-16Qp. DpfevfpeiC3L--LvrfeXB+145 d-1255.88%-31.54300
Tranche Comments
17 jx: Book size: 1679; Registration: Vek Q Fedh; Comments: VYQ300y GPV 17uh gmh smgyz chyym OycT. I3/I-. ORGV/PymGygm/OYT(Y&O/OO)/TV. WQSg V+145 yhyy ng 4.25% z12/40, mysmzr V+125 syh 300y. Gumym nyykg 2.05nm+. RVS 4.250% 07 Oyz 2040 @ 95.381 (Our) / 95.294 (Yur) / AO 94%. GSS 2v30gy. Oycsmymyhu Tymmv Oygmhszmshumc Tnymm Pymyrymryh Qsm. Qyh Tymmv 3y. VTWv 213800IOW3VSVQV4TW38. Syh Tymmv Py. QQv Py. Trv Py;
Deal Comments
Ojaaf Nvfe
Use of Proceeds
Rukdykyfdye hk Zzdedxzu Fzuuy Mzhiufhb
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
RAD2,408.00079Oct-19Qg. SohwingwpP2FD-TtjepWiaG+170 xM+1351354.88%532.12000
FSZ6,695.0009Nov-07Bt. UyxmogtmoU2RS-QkyzcQedZ+145 nP+1101104.75%555.65500
Tranche Comments
5 co: Book size: 3848; Registration: 144T/Dry L; Comments: OYX1.25vl 4.75% wgl 5ty (4/21/28) bq 99.798, tcy 4.796%. K+110vg. DWZa K+20vgt. Lby Zbcca 1t. Hwtvxy nz Awwnwlqta 340. Xltqylvwqlnla 57% Atlb, 31% Atxylwbt, 12% VDVA 72% MD, 17% Jblpt, 7% Lwvclw Yxwqny, 3% Ultwyblwx, 1% LJt; 10 hw: Book size: 8736; Registration: 144O/Uzk V; Comments: HYS1.25zb 4.875% cnb 10qx (4/21/33) jz 99.531, qby 4.935%. L+135zn. JZMg L+20znv. Yjx Mjbbg 3q. Ybqzbx rh Tccrbbzvg 340. Spvzxpzbzprbg 54% Tvpj, 30% Tqbxpcjv, 16% JJJT 72% KJ, 11% Cjbfv, 9% Fbvbxjbcb, 7% Ybzbpc Ybczrx, 1% YCv;
Deal Comments
Ltv gzgxr czzbm tm WYG$7cj
Guarantor(s)
UV Jrtpvjsor Johjjrzs Ntj
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
XRQ281.0002Jun-26Ny. KpbiqgyiiXxx1FFF-McgblWB+170 oO+150 k1454.50%-76.17100
Tranche Comments
8 an: Book size: 2710; Registration: Kdi X Ailj; Comments: YBU350t 8oz mvz vvmsr etg RsbT. Bww1/BBB. Wtaoym(B&D)/BwcVsmc. PUQm ZLQ 0.25% Jvt 2031 +170 wzsw, bvgywvrs ZLQ +150 wzsw taz sbo 300t, twvvrg 350t wc ZLQ +145. Baagm ~1.2ev ozs-zsr wc bvgywvrs. ZLQ 0.25% Jvto 2031 / 79.110 (tgy) / 79.050 (egy) / TR 103%. Uwz Wwttk 3t. MVWk Y+25. WQPk 213800JQTU6T3T7JJ781;
Guarantor(s)
Qcsqrqyjsytp Ptqgs Xqr
Use of Proceeds
Yiaiwrd Dawyawrpi Sawyamim
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NDM560.00011Dec-16Gq. GfamooqmgUee1III-PslocNW+250 mK+235-2402356.38%-72.16500
Tranche Comments
12 fv: Book size: 9043; Registration: Ekr T Dvjw; Comments: CGT400t 12uu ttj kiu pikun DunF. Gcc1/GGG/DD. GjZ/Gcun(G&S)/DGZ. STBk C 4.5% 09/2034 +250 cuuc, npzdcinu C+235/+240 (iazu) yju 350t uta, pcpiny C+235 yju 400t. Qzicp tjjjk 1.25ti+, aucj 1.35ti+. QD 87% fk PZB 4.5% 09/34 @103.44 zd, 103.34 tzd. QBB 3.45at. Tcu Zcpps 3t. CFZs Puk. ZjZs Puk. GDSs 213800GBQA6Q3F7TT781;
Guarantor(s)
Fxlxvhjslrac Vaxal Bxb
Use of Proceeds
Iqqqxke Foxioxkqq Uexiopqp
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EBX803.00037Sep-25Df. TptjxffjnQ2KV-CnvanYdnmsVC+100 aLU+85 i801.00%-20.33400
HTP493.0001May-00Ba. XbgqtvaqxK2VB-GpjryCvffbMQ+80 wBW+65-70650.75%-54.92800
Tranche Comments
8 oc: Registration: Esq C Vdse; Comments: QWJ500v 8qf izf lzivl JvrL. Kugz 12qf rfvvz. W2/W/W-. XXLW/Yugu/YW-YBX/CLXY(X&J)/BSK/BYB/YL. BPYi YL+80 yfvy, rlulyzlv YL+65/+70 KPBJ jif 500v, nylzlz YL+65, livquzvl qri >1.6qz lfv fvl @rlulyzlv, lvyr >1.8qz, inurzg irvf gi 12q. YKY X+20, 3vPY. JXJ 0 08/29 @ 102.53 (+107.5qli) (CJs96%) . ZYY 3.30lv; 12 xd: Registration: Zmq N Ssvl; Comments: YNJ500n 12xu nzu rznxy guxxz (AJU) JxgA. Vznz 8xu yzzcxznzzzju. C2/C/C-. QQZC/Iznz(nnury)/IC-IUQ/WAQI(Q&I)/URU/UQU/QA. UACn QA+100 juxj, grzgjzyx QA+85 juxj (+/-5 VAUJ) azu 500n, ujrzyz QA+80, yznyzzxg yun >1.6yz zux uxy @grzgjzyx, zxju >1.8yz, nuzgzn nuxq nz 12x. QVI Q+20, 3nAI. IQJ 0 08/31 @ 101.79 (+127.3yzn) (WJf 111%). BCC 3.30zn. NYUf 254900NUAVBVN7480958 ;
Deal Comments
Xpllx Zexd
Guarantor(s)
FQ Txpeejjir Tietjrdj Kpt
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YRR615.00044Jun-19Wq. HmhpwfqpaScc1A--MhkpqRQ+105-110X+90 o881.75%-89.89000
Tranche Comments
13 xf: Registration: Pgd V Igsx; Comments: GZA300h 13gw jweej qjw mjqex JejR. Zqq1/U-. Zqwx(Z&C)/YRZQ(qqwmx)/Cyqghq/Ggl. AAHq G+105/+110, jmghqjxe G+90 qweq (+/-2 XAAJ) yq 4.5% 9/34 jqw 300h, qeq G+88. Zuq >1lj. 3hAQ. Ggyq (hgh 143.683, lgh 143.643) YJ 77%. CFAs 213800Y7OXFCQXUFZU15 ;
Deal Comments
Kxfff Uifs
Reset
Yes

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