Hongkong Land issues the year's first 15-year security from Asia

Long-dated credits are rare in Asia, prompting fund managers to latch on to Hongkong Land’s new 2025 notes.

Hongkong Land priced Asia’s first 15-year security this year in the early hours of Thursday morning last week. The Hong Kong developer had being absent from the market since 2004, and with no other longer-dated paper this year, the bonds were very well received.

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