Hutchison buys back $ 5.2b of debt

Billionaire Li Ka-shing's Hutchison Whampoa Ltd, with investments from retailing to ports, said it has bought back more than HK$40-billion ($5.2-billion) worth of debt from investors and may buy more to reduce interest payments.

In the past few months, Hutchison repurchased "nearly all" its debt maturing in two to three years and will cancel more "if the terms are attractive", spokesman Jeremy Lau said in a phone interview from Hong Kong, declining to be more specific.

China Daily