The Hong Kong bond market went on-line yesterday with a HK$2 billion issue syndicated via the Internet. Believed to be the first-ever Asian bond issue marketed on the Internet, the three-year floating rate certificate of deposit issue is being arranged by HSBC Investment Banking & Markets. It follows the first-ever syndicated bank loan done in Asia via the Internet - the US$12 billion raised for Pacific Century CyberWorks' takeover of Cable & Wireless HKT. HSBC's head of debt syndication Asia-Pacific, Bryan Pascoe, said the issue was launched with the electronic syndication platform developed by the bank. 'The platform will allow financial institutions invited to participate in the syndicate to place indications of interest over the Internet,' Mr Pascoe said.