WTT’s Debut USD 670 Million Senior Notes Offering is Awarded “The Best High Yield Bond” by The Asset

January 30, 2019 - 05:00
WTT’s Debut USD 670 Million Senior Notes Offering is Awarded “The Best High Yield Bond” by The Asset

HONG KONG, CHINA - Media OutReach - 30 January 2019- WTT Investment Limited, which conducts itsbusiness through its wholly owned subsidiary WTT HK Limited, co-owned by jointshareholders MBK Partners and TPG Capital, was honoured at The Asset Triple ACountry Awards 2018 ceremony run by acclaimed financial magazine The Asset, winning "The Best High YieldBond" of Hong Kong Region for its debut USD 670 million senior notes offered inNovember 2017.



Agnes Tan, Vice President, Legal, Regulatory & Carrier Affairs (left); Vincent Ma, CEO (2nd from left) and Almira Chan, CFO (3rd from right) of WTT received the Best High Yield Bond award from The Asset magazine for WTT's debut senior notes offering, together with representatives from the Joint Global Coordinators Citigroup, HSBC and Standard Chartered Bank.


The debut international capital markets offering, which received strongresponse from investors in Asia, Europe and the United States, was regarded bythe award's judging panel as the "Firstfinancial sponsor-owned Hong Kong company high-yield transaction since 2013".The Notes is now listed on the Singapore Exchange Securities Trading Limited(the "SGX-ST").

 

Theoffering was also noteworthy as being:

 

  • The first rated HongKong telecom high yield bond offering in over a decade
  • Largest-ever bondmarket debut by a local Hong Kong high yield corporate
  • Largest local Hong Konghigh yield corporate bond in over a decade

 

Representativesfrom Citigroup, HSBC and Standard Chartered Bank, the Joint Global Coordinatorson the transaction, had joined WTT at the award ceremony to celebrate the achievement.


The Asset's annual Triple Arecognition is in its 20th year representing the industry's mostprestigious awards for banking, finance, treasury and the capital markets,based on stringent selection criteria plus views and comments from carefullyselected issuers and investors in Asian regions.


ABOUT WTT HKLimited


Formerly known asWharf T&T Limited and acquired by MBK Partners and TPG Capital in 2016, WTTis the only enterprise-focusedfixed telecommunication services operator with significant fixed lineinfrastructure in Hong Kong. WTT has already invested over HK$7 billion in itsnetwork to create a leading fibre-optic end-to-end network in Hong Kong covering morethan 5,500 commercialbuildings. Together with a robust in-house service engine offering acomprehensive range of ICT products and bespoke services, WTT is a trustedpartner of its diverse base of over 57,000 business customers serving their missioncritical needs. For more information about WTT, please visit www.wtthk.com.


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