Investors eat up dim sum bonds from Guangdong province, Hong Kong's MTR
The government of Guangdong province and rail operator MTR Corp have completed yuan-denominated bond offerings in Hong Kong, adding to a record wave of such issuances in the city this year. The 5 billion yuan (US$703 million) offering by the southern Chinese province, comprising 2 billion yuan in two-year bonds, 1.5 billion yuan in three-year bonds and 1.5 billion yuan in five-year bonds, attracted 57.18 billion yuan in bids from investors, making it 11.4 times oversubscribed, Bank of China (Hon