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Press Release
30 Jan 2019
WTT’s Debut USD 670 Million Senior Notes Offering is Awarded “The Best High Yield Bond” by The Asset

Hong Kong — Jan 30, 2019 — WTT Investment Limited, which conducts its business through its wholly owned subsidiary WTT HK Limited, co-owned by joint shareholders MBK Partners and TPG Capital, was honoured at The Asset Triple A Country Awards 2018 ceremony run by acclaimed financial magazine The Asset, winning “The Best High Yield Bond” of Hong Kong Region for its debut USD 670 million senior notes offered in November 2017.

The debut international capital markets offering, which received strong response from investors in Asia, Europe and the United States, was regarded by the award’s judging panel as the “First financial 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”).

The offering was also noteworthy as being:

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

Representatives from Citigroup, HSBC and Standard Chartered Bank, the Joint Global Coordinators on the transaction, had joined WTT at the award ceremony to celebrate the achievement.

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

ABOUT WTT HK Limited

Formerly known as Wharf T&T Limited and acquired by MBK Partners and TPG Capital in 2016, WTT is the only enterprise-focused fixed telecommunication services operator with significant fixed line infrastructure in Hong Kong. WTT has already invested over HK$7 billion in its network to create a leading fibre-optic end-to-end network in Hong Kong covering more than 5,500 commercial buildings. Together with a robust in-house service engine offering a comprehensive range of ICT products and bespoke services, WTT is a trusted partner of its diverse base of over 57,000 business customers serving their mission critical needs. For more information about WTT, please visit www.wtthk.com.