Hong Kong Raises US$3.5 Billion in Oversubscribed Green and Infrastructure Bond Sale
Hong Kong has successfully raised HK$27.6 billion (approximately US$3.5 billion) through a significant green and infrastructure bond issuance aimed at financing the Northern Metropolis development and low-carbon transformation initiatives. The Hong Kong Monetary Authority reported that the offering attracted strong interest from institutional investors across more than 30 markets in Asia, Europe, the Middle East, and the Americas. Total orders reached approximately HK$239 billion, representing an oversubscription rate of 8.6 times the initial offer size, which signals robust global confidence in Hong Kong’s economic prospects and its ambition to become a leading green finance hub. Financial Secretary Paul Chan Mo-po emphasized that the capital raised will accelerate key infrastructure projects, benefiting both the economy and public livelihood. The deal structure included five tranches denominated in four different currencies: Hong Kong dollars, renminbi, US dollars, and euros, with varying maturities ranging from five to thirty years. The bonds were priced following a virtual roadshow and are scheduled for settlement on May 14, with listings planned for both the Hong Stock Exchange and the London Stock Exchange.
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Hong Kong Raises US$3.5 Billion in Oversubscribed Green and Infrastructure Bond Sale
Hong Kong has successfully raised HK$27.6 billion (approximately US$3.5 billion) through a significant green and infrastructure bond issuance aimed at financing the Northern Metropolis development and low-carbon transformation initiatives. The Hong Kong Monetary Authority reported that the offering attracted strong interest from institutional investors across more than 30 markets in Asia, Europe, the Middle East, and the Americas. Total orders reached approximately HK$239 billion, representing an oversubscription rate of 8.6 times the initial offer size, which signals robust global confidence in Hong Kong’s economic prospects and its ambition to become a leading green finance hub. Financial Secretary Paul Chan Mo-po emphasized that the capital raised will accelerate key infrastructure projects, benefiting both the economy and public livelihood. The deal structure included five tranches denominated in four different currencies: Hong Kong dollars, renminbi, US dollars, and euros, with varying maturities ranging from five to thirty years. The bonds were priced following a virtual roadshow and are scheduled for settlement on May 14, with listings planned for both the Hong Stock Exchange and the London Stock Exchange.
News - South China Morning Post