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Rating firms upbeat on Hong Kong's $20b bond.
(From South China Morning Post)
Byline: Enoch Yiu and Nichole Chan
Credit-rating agencies have given a boost to the government's HK$20 billion bond sale, awarding the issue strong ratings yesterday.
Financial Secretary Henry Tang Ying-yen will meet more than 200 Hong Kong institutional investors today. Retail sales will begin tomorrow and close on July 16.
The bonds will be divided into three parts, including a 10-year US dollar issue for overseas institutional investors expected to amount to US$1 billion to $1.5 billion.
For Hong Kong institutional investors, five-year and 15-year HK dollar bonds will be issued.
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