Citigroup comes to HK for cheap funding

22 Nov 2007

CITIGROUP launched a 10 year bond in the Hong Kong dollar market this week, demonstrating the continuing appeal of Asia’s local markets despite mounting turmoil elsewhere.

Citigroup priced its HK$474m ($61m) 10 year bond at 5.41%, which bankers said was swapped to around 100bp over Hibor. That is ...

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