HKMC lays foundations for international issuance

The Hong Kong Mortgage Corporation (HKMC) is back in business, mandating a ratings adviser, launching the Territory''s largest fixed rate bond offering and reviving plans for international bond and securitization deals.

HSBC has been appointed credit rating adviser to the government-owned agency in a decision that further underlines the bank's status as the most active international lead manager and adviser to corporate and sovereign Hong Kong. For HKMC, the move also signals an acceleration of plans to diversify its funding base after a difficult year trying to build its domestic mortgage portfolio.

Since its incorporation in March 1997, HKMC has been an active issuer in...

To continue reading, please login or register for free

Click for more on: hkmc | lays | foundations | international | issuance

Print Edition

FinanceAsia Print Edition

CONFERENCES