HKMC issues record corporate debt of $60.9b for H1

The total corporate debt issuance tripled from last year.

The Hong Kong Mortgage Corporation Limited (HKMC) issued a record HK$60.9b in corporate debts in the first half of 2021.

Out of the total, HK$42.6 billion had tenor of one year or above.

In 2020, HKMC's corporate debt issuance at HK$25.8 billion; of which, HK$11.1 billion had a tenor of one year or above.

The record issuance volume was buoyed by the launch of the corporation's dual-tranche
HK$10 billion-equivalent Hong Kong dollar and offshore Renminbi public institutional bond issues in February 2021.

The local government said it was the "largest public corporate bond offering with book-building and pricing conducted in Hong Kong."

Outstanding balance of debt securities was HK$93.5 billion as at 30 June 2021, HKMC reported in its H1 unaudited consolidated financial results.