Cheung Kong Infrastructure Finance (BVI) Limited
Indicative
Full Lot
Indicative price as of 03 Nov 2026, 4:15pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Cheung Kong Infrastructure Finance (BVI) Limited
Guarantor
CK Infrastructure Holdings Limited
Announcement Date
24 May 2021
Issue Date
02 Jun 2021
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.080
Modified Duration
0.018 @ 03 Nov 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.200
Coupon Type
Fixed
Annual Coupon Rate
4.200
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
-
ISIN
XS2327458191
CUSIP
BP7289591
Bond Currency
USD
Total Issue Size
300,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
HKEX
Any Distribution deferred pursuant to this Condition 4(c) shall constitute "Arrears of Distribution". The Issuer may, at its sole discretion, elect to further defer any Arrears of Distribution by complying with the foregoing notice requirement applicable to any deferral of an accrued Distribution. The Issuer is not subject to any limit as to the number of times Distributions and Arrears of Distribution can or shall be deferred pursuant to this Condition 4(c) except that Condition 4(c)(v) shall be complied with until all outstanding Arrears of Distribution have been paid in full.
Dividend Stopper
If on any Distribution Payment Date, payment of all Distribution payments scheduled to be made on such date is not made in full by reason of this Condition 4(c), the Issuer and the Guarantor shall not:
(A) declare or pay any discretionary dividends, distributions or make any other discretionary payment on, and will procure that no discretionary dividend, distribution or other discretionary payment is made on any of its Junior Securities or (except on a pro rata basis) its Parity Securities, provided that such restriction shall not apply to payments declared, paid or made in respect of an employee benefit plan or similar arrangement with or for the benefit of employees, officers, directors or consultants; or
(B) redeem, reduce, cancel, buy-back or acquire for any consideration any of its Junior Securities or its Parity Securities on a discretionary basis, provided that such restriction shall not apply to an exchange of any Parity Securities in whole for Junior Securities or a repurchase or other acquisition of any securities in respect of an employee benefit plan or similar arrangement with or for the benefit of employees, officers, directors or consultants,
unless and until (i) the Issuer or the Guarantor has satisfied in full all outstanding Arrears of Distribution; or (ii) the Issuer and the Guarantor have been permitted to do so by an Extraordinary Resolution (as defined in the Agency Agreement) of the Holders.
Dividend Pusher
3-month look-back dividend pusher
Callable on and anytime after 02 June 2026 at 100.00.
Cash Flow Information