Sovereign bonds to bolster opening-up

Finance Ministry to discuss details with potential investors in HK on Wednesday

The Ministry of Finance will kick-start its plans to issue US dollar-denominated sovereign bonds worth $2 billion by holding investment and financing discussions with potential investors in Hong Kong on Wednesday.

Half of the $2 billion in debt will consist of five-year bonds and the other half will be 10-year bonds. It would mean a re-opening of the financing channel connecting the international capital markets by adding an important investment and risk-hedge instrument, said a statement released on the ministry's website on Tuesday.