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Story summary
- West Kowloon Cultural District Authority (WKCDA) plans to sell bonds for the first time to raise up to US$1 billion.
- Hongkong and Shanghai Banking Corporation and Standard Chartered Bank will arrange the authority's medium-term note programme.
- The bond issuance will occur in series and tranches after addressing financial challenges.
- In 2024, it avoided a crisis after being granted the right to sell residential properties on site.
