HKMC to sell mortgage bonds to public

Hong Kong''s state-controlled mortgage company will offer securitized bonds to the public.

The Hong Kong Mortgage Corporation's latest securitization offer will break new ground by selling bonds to the public. As much as half of the HK$2 billion $256 million mortgage-backed securities MBS offer will be made available to retail investors.

HSBC has been appointed sole bookrunner for the institutional offer and joint underwriter with Standard Chartered for the retail offer. The source adds that HSBC will form a small syndicate for both offers, which will be...

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