HK’s Urban Renewal Authority sees strong demand for HK$12bn bond amid tough market

The transaction is one of the largest HKD-denominated issuances to date; however, the SAR's property market is tough, with giant New World Development set to announce its first loss in 20 years.

Andrew Tjaardstra

September 03, 2024

Hong Kong’s Urban Renewal Authority (URA) on its triple-tranche HK$12 billion ($3 billion) senior bonds offering under its medium-term note (MTN) programme. The offering is one of the largest Hong Kong dollar-denominated note issuances to date and marks URA’s return to the Hong Kong dollar public institutional bond market since 2009.

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