Hong Kong Government Plans Up to HK$20B Multi-Currency Digital Green Bond, Potentially World's Largest
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According to sources familiar with the matter, the Hong Kong government plans to raise between 150 billion and 200 billion Hong Kong dollars (equivalent to 19-26 billion USD) through the issuance of multi-currency digital green bonds. This would be the largest transaction of its kind globally. The bonds will be denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi, and could be priced as early as next Monday. The government has commissioned several banks to arrange a series of fixed-income investor meetings this week. The information was provided by anonymous sources due to the confidential nature of the plans.
Source report
Date: September 24 (Caixin)
According to sources familiar with the matter, the Hong Kong government is planning to raise between HK$15 billion and HK$20 billion (US$1.9 billion to US$2.6 billion) through the issuance of multi-currency digital green bonds. If completed, this would represent the largest transaction of its kind globally.
Key details from informed sources:
- Currencies: The bonds will be denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi.
- Timing: Pricing could take place as early as next week.
- Investor engagement: The Hong Kong government has mandated several banks to arrange a series of fixed-income investor meetings this week.
The sources spoke on condition of anonymity as the information has not been publicly disclosed.
Source
财联社Eastern
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Hong Kong Plans Record-Breaking HK$20 Billion Multi-Currency Digital Green Bond