Sovereign bond plan welcomed

The Hong Kong Special Administrative Region Government today welcomed the Ministry of Finance's issuance of US dollar sovereign bonds totalling US$4 billion in Hong Kong on October 19.   The bonds will be issued in three-year, five-year, 10-year and 30-year tenors.   The Hong Kong SAR Government said the ministry's move demonstrates clearly the central government's support in reinforcing Hong Kong's status as an international financial centre and its unique role as the gateway for international capital to access the Mainland.   This is conducive to promoting the sustainable development of the bond market in Hong Kong, it added.
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