Hong Kong’s beleaguered Urban Renewal Authority (URA) has raised HK$8 billion (US$1.02 billion) by selling bonds to finance capital expenditure and new projects.
The cash-strapped authority on Wednesday said it sold two tranches of bonds, one worth HK$5 billion with a five-year term and the other for HK$3 billion with a 10-year term. The coupon rates were 2.95 per cent and 3.48 per cent, respectively.
It marked the URA’s return to the bond market for the first time since August 2024, when it…
Hong Kong’s embattled Urban Renewal Authority raises HK$8 billion in bond sale
