Both individual and institutional investors welcomed the offering of Hong Kong Special Administrative Region Government's 6 billion HK dollars (779 million US dollars) bond, said HSBC, the co-arranger and book runner of the securitization on Thursday.

The subscription period for the retail bond offering closed Thursday.

Indicative applications for the retail bonds received amounted to approximately 35,300 in number and 7.719 billion HK dollars (1 billion US dollars) for the total maximum principal of the three tranches of 2.47 billion HK dollars (320.8 million US dollars ).

Pricing and details of the tranche sizes will be determined and announced on May 4.

For the Notes in the institutional tranches, the total order book for one-year tranche of 450 million HK dollars (58.4 million US dollars) amounted to 1.44 billion HK dollars (187 million US dollars) and for 12-year tranche of 3.08 billion HK dollars (400 million US dollars) mounted to 13.04 billion HK dollars (1,693 million US dollars).

The Institutional Notes and Retail Bonds will be listed on the Hong Kong Stock Exchange on May 10.

Source: Xinhua