HONG KONG — China's Ministry of Finance will issue US-dollar sovereign bonds totalling $4 billion in the Hong Kong Special Administrative Region on Oct 19, according to a press release issued by the HKSAR government on Friday.
The bonds will be issued in 3-year, 5-year, 10-year and 30-year tenors, according to the press release. Detailed arrangements for the issuance will be announced at a later date.
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A HKSAR government spokesman welcomed the move, saying it shows the central government’s support in reinforcing the city’s status as a global financial hub.
“This demonstrates clearly the Central Government's support in reinforcing Hong Kong's status as an international financial centre as well as Hong Kong's unique role as the gateway for international capital to access the Mainland, which is conducive to promoting the sustainable development of the bond market in Hong Kong,” reads the press release.
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