Two major Hong Kong property developers tapped the international bond market last week as a precaution against further uncertainties during the Covid-19 pandemic, just before market conditions soured following Beijing's move to tighten its grip on the semi-autonomous city. HONGKONG LAND and HENDERSON LAND development printed a US$600m 10-year and US$300m five-year bond, respectively, both pricing 45bp inside initial guidance.
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