The University of Hong Kong signed a USD1 billion medium-term note fundraising programme at the end of March to actively participate in the development of the Northern Metropolis university town. Citing market sources, Hong Kong Economic Journal reported that the bond issuance plan has entered the final stage, with underwriters set to conduct initial price guidance with investors in recent days to gauge demand and yield expectations for HKD-denominated bonds of different tenors.Sources indicated that, subject to favourable market conditions, HKU may conduct its inaugural HKD bond issuance via private placement as early as the end of this month. However, all arrangements remain subject to the issuers final decision and changes cannot be ruled out. (jl/da)
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