The Hong Kong Mortgage Corporation on Tuesday said it has successfully issued HK$25.3 billion worth of multi-currency public benchmark bonds under its US$30 billion (HK$234 billion) Medium Term Note Programme, marking its largest public bond offering ever.
The issuance, which was launched on November 18 after a series of investor roadshows, surpassed the company's previous record set in October 2024, when it issued the third batch of social bonds totaling the equivalent of HK$23.8 billion.
The bonds comprised four tranches: a HK$10 billion two-year conventional bond, a three-year 5 billion yuan (HK$5.47 billion) conventional bond, a US$1 billion five-year conventional bond, and a HK$2 billion 30-year social bond. All are senior unsecured.
Peak total subscription for the bond issuance reached around HK$80 billion equivalent, the HKMC said.
The issue was "well-received by a diverse group of high-quality local, southbound Bond Connect and international institutional investors," the company said, adding that the bonds were eventually allocated to about 250 institutional investors.
"The issuance further consolidates Hong Kong's status as Asia's leading international bond issuance hub," said Howard Lee Tat-chi, deputy chief executive of the Hong Kong Monetary Authority and HKMC executive director.
