Hong Kong’s Urban Renewal Authority URA on its triple-tranche HK$12 billion $3 billion senior bonds offering under its medium-term note MTN programme. The offering is one of the largest Hong Kong dollar-denominated note issuances to date and marks URA’s return to the Hong Kong dollar public institutional bond market since 2009.
The offering comprises three tranches HK$4 billion at 3.35% over three years, HK$5 billion at 3.45% over five years, and HK$3 billion at 3.55% over 10 years. The proceeds from the offering will fund the capital expenditure on urban renewal projects and for general corporate purposes, according to a statement from the URA....
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