Citi sizzles in Hong Kong domestic bond market
Citigroup launches a Hong Kong dollar bond and, may be back for more.
Underlining the funding opportunities available in Hong Kong, Citigroup has plunged into the Hong Kong dollar bond market.
The US-based financial conglomerate priced a HK$1.1 billion $141 million five-year at Hibor plus 15bp. At this size, the issue is largest five-year ever from a non-Asian financial insitution to date in the Hong Kong bond market.
Building on significant investor sponsorship, with this five-year offering we have established a new borrowing franchise for Citigroup. This is the eighth currency...
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