HKMC sets coupon for retail securitization

Pay-out disclosed for HK$900 million retail mortgage-backed offer.

Hong Kong Mortgage Corporation decided on Monday night the coupon levels for the fixed-rate, retail tranches of its HK$2 billion $256 million mortgage-backed securitization offer.
The notes to be sold to the public will be offered in three series, totaling HK$900 million. The size and pricing of each individual tranche will be decided, according to the level of demand, only after the offer opens for subscription on October 20.
The joint underwriters, HSBC and...

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