tradingigbtc

Hong Kong to Issue up to $1.9 Billion of Inflation-Linked Bonds

(Bloomberg) — Hong Kong plans to issue as much as 13 billion yuan ($1.9 billion) of inflation-linked bonds to encourage residents to take part in the city’s financial development, according to Financial Secretary Paul Chan.



a group of people walking in front of a large city: People stand along Victoria Harbour in the Tsim Sha Tsui district as Bank of China Tower, center left, and other buildings on Hong Kong island stand in Hong Kong, China, on Monday, April 29, 2019. Hong Kong's gross domestic product will expand at a slower pace in the first quarter than the fourth because of the high base in the first three months of last year and due to external uncertainties, according to the city's financial secretary on April 28.


© Bloomberg
People stand along Victoria Harbour in the Tsim Sha Tsui district as Bank of China Tower, center left, and other buildings on Hong Kong island stand in Hong Kong, China, on Monday, April 29, 2019. Hong Kong’s gross domestic product will expand at a slower pace in the first quarter than the fourth because of the high base in the first three months of last year and due to external uncertainties, according to the city’s financial secretary on April 28.

The government issued about HK$60 billion ($7.7 billion) of inflation-linked so-called iBonds from 2011 — when they were first introduced — to 2016 and attracted a total of more than 500,000 subscribers, Chan said in a blog post Sunday.

Loading...

Load Error

Emerging-market companies and governments have sold a record of about $530 billion in dollar and euro-denominated bonds amounts this year, data compiled by Bloomberg showed. The debtors have taking advantage of global liquidity as central banks try to offset the impact of the pandemic.

The iBonds will carry a minimum interest rate of 2%, higher than previous similar bondsDividends are paid every six months, and the interest rate is linked to the average annual inflation rate of the Hong Kong Composite Consumer Price IndexGovernment will also issue silver bonds aimed at seniors aged 65 and aboveThe Hong Kong Monetary Authority will hold a press conference at 4 p.m. Monday on the launch of iBonds


a group of people walking in front of a large city: People stand along Victoria Harbour in the Tsim Sha Tsui district as Bank of China Tower, center left, and other buildings on Hong Kong island stand in Hong Kong, China, on Monday, April 29, 2019. Hong Kong's gross domestic product will expand at a slower pace in the first quarter than the fourth because of the high base in the first three months of last year and due to external uncertainties, according to the city's financial secretary on April 28.


© Bloomberg
People stand along Victoria Harbour in the Tsim Sha Tsui district as Bank of China Tower, center left, and other buildings on Hong Kong island stand in Hong Kong, China, on Monday, April 29, 2019. Hong Kong’s gross domestic product will expand at a slower pace in the first quarter than the fourth because of the high base in the first three months of last year and due to external uncertainties, according to the city’s financial secretary on April 28.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Continue Reading

Source Article