Bankers welcome HK government bond success
Bankers have welcomed institutional investors’ enthusiastic response to the city’s HK$3.5 billion bond sale – its first debt issue in five years. It is expected that the deal, which was more than six times covered, will help to deepen the city’s local currency bond market.
The HK$3.5 billion (US$452 million) two-year notes were 6.45 times oversubscribed and priced at an average yield of 0.59%.This is the ...
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