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Cheung Kong Bond plans to redeem US$425.3M of securities in early 2018

Cheung Kong Bond Securities (03) Ltd. is planning to redeem by Jan. 24, 2018, all its outstanding 5.375% senior perpetual securities, which as of Dec. 12 amount to US$425.3 million.

The senior perpetual securities, guaranteed by CK Hutchison Holdings Ltd. and Cheung Kong (Holdings) Ltd., were issued at an aggregate principal amount of US$500.0 million.

Upon the completion of the redemption, Cheung Kong Bond will apply for the withdrawal of the securities' listing on the Hong Kong stock exchange.