Hong Kong to Raise HK$3 Billion for Infrastructure Through Bond Tender
MT Newswires Live
Jun 18
Hong Kong is seeking to raise HK$3 billion through tenders for institutional government bonds to fund infrastructure projects, according to a Wednesday statement from the Hong Kong Monetary Authority.
The offering includes HK$1.75 billion of five-year bonds maturing on June 25, 2031, carrying a coupon rate of 2.96% per annum.
The city will also offer HK$1.25 billion of 10-year bonds maturing on July 24, 2035, with a coupon rate of 3.17% per annum.
The bonds will be issued through the reopening of existing bond series.
Settlement for both offerings is scheduled for June 25, the de facto central bank said.
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