HK sovereign bond: calling all banks

Details emerge about what the Hong Kong government is looking for as banks start jostling for positions on the debut sovereign issue.

Regional fixed income bankers were yesterday poring over the request for proposals RFP that the Hong Kong Treasury and Financial Services Department sent out on March 10. The RFP is looking for proposals for a bond issue up to HK$20 billion in size $2.56 billion, denominated in Hong Kong dollars andor international G3 currencies.

According to bankers who have seen the RFP, banks have until 5pm on Wednesday March 24 to submit their proposals,...

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