Hong Kong’s West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

The loss-making authority that manages Hong Kong’s West Kowloon arts hub will sell bonds for the first time, aimed at raising up to US$1 billion to fund its operations. According to documents submitted to Hong Kong Exchanges and Clearing on Thursday, the West Kowloon Cultural District Authority appointed the Hongkong and Shanghai Banking Corporation and Standard Chartered Bank (Hong Kong) as arrangers for the medium-term note programme. This will mark the first time the authority, which manages...

By Ambrose Li