Hong Kong Urban Renewal Authority’s US$1.54 billion bond issue gets strong response

Quick Summary:

The senior bond offering was two times oversubscribed, with banks, asset managers, insurance companies and central banks among the buyers.

It is the URA’s first issuance in the Hong Kong dollar public institutional bond market since 2009.

An Urban Renewal Authority redevelopment project in To Kwa Wan, pictured on August 9, 2024, is expected to provide about 230 flats.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongChina

Topics: Dollar Offering Year Hong Authority Bonds Issuance Renewal Kong Billion Urban

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 20:47:12 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22194989

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