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Article: ADB launches simultaneous HK, Singapore dollar benchmark issue
- Article from:
- Xinhua News Agency
- Article date:
- June 1, 2004
CopyrightCopyright 2004 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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ADB launches simultaneous HK, Singapore dollar benchmark issue
MANILA, June 1 (Xinhua) -- The Asian Development Bank (ADB)
Tuesday launched simultaneous bond issues in the capital markets of
China's Hong Kong and Singapore in the principal amounts of 1 billion
Hong Kong dollars and 200 million Singapore dollars, respectively.
The issues, both with a maturity of three years, were priced at
par to carry a quarterly coupon of 2.85 percent for the HK dollar
tranche and a semiannual coupon of 1.845 percent for the Singapore
dollar tranche, equivalent to about 3 and 27 basis points over the
current interpolated government bond yield curves, respectively, the
ADB said in a statement.
The ...