Hong Kong’s Asean charm offensive bags US$1.5 billion Malaysian bond listing

Hong Kong’s push to draw Southeast Asian companies and markets into its financing orbit has scored a milestone, with the Malaysian government preparing to list a US$1.5 billion Islamic bond in the international financial centre later this week.The dual listing – sold on Malaysia" class="entity-link entity-organization" data-entity-id="170006" data-entity-type="organization">Bursa Malaysia and Hong Kong Exchanges and Clearing (HKEX) – marks the first concrete result of a visit to Kuala Lumpur led by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu last week.The offering comprised US$850 million of 5.75-year trust certificates and US$650 million of 10-year trust certificates, according to a statement released by Malaysia’s Ministry of Finance.