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Issuers crowd into private market, with many opting to fund in Honkies
Long-dated bonds in demand as callables lead. Euro and dollar floaters mop up cash
Short dated vanilla paper led the flow in dollars and euros this week, with local currency clips adding breadth
◆ First Hong Kong dollar public bond from an international bank ◆ Broader investor access and larger size than PPs customary in the market ◆ Provides attractive funding
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