HK to sell HK$10b inflation-linked bonds next week

Hong Kong

HONG Kong will sell as much as HK$10 billion (S$1.76 billion) of inflation-linked bonds next week, the fifth offering since the city first issued the securities in 2011. The government will start selling the three-year debt to residents from July 21 to 29, according to a sales document distributed at a press briefing on Thursday. The notes are scheduled to be issued on Aug 7 and listed on the city's stock exchange on Aug 10, it said. Only Hong Kong citizens with valid identity cards are eligible to apply.

"The bonds should be well received this year as the performance and interest rates in the past have been quite good," said Gary Leung, deputy general manager for global markets at Bank of China (Hong Kong) Ltd.