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Urban Renewal Authority Raises HK$8 Billion in Oversubscribed Bond Sale

1/7/2026

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Summary

Story summary

Urban Renewal Authority (URA) raised HK$8 billion (US$1.02 billion) by selling bonds to fund projects.
The bonds were issued in two tranches: HK$5 billion five-year at 2.95% and HK$3 billion ten-year at 3.48%.
The issue was oversubscribed three times and marked URA's return to the bond market since August 2024.
Urban Renewal Authority (URA) Managing Director Donald Choi said the funds will support urban renewal and improve URA's finances.

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Story summary

Urban Renewal Authority (URA) raised HK$8 billion (US$1.02 billion) by selling bonds to fund projects.
The bonds were issued in two tranches: HK$5 billion five-year at 2.95% and HK$3 billion ten-year at 3.48%.
The issue was oversubscribed three times and marked URA's return to the bond market since August 2024.
Urban Renewal Authority (URA) Managing Director Donald Choi said the funds will support urban renewal and improve URA's finances.