Gov’t issues third digital green bonds offering at $10b

The bonds, issued on 10 November, were denominated in HK dollars, renminbi, US dollars, and euros.

The HKSAR Government has priced approximately HK$10b in digital green bonds under its Government Sustainable Bond Programme.

The bonds, issued on 10 November, were denominated in HK dollars, renminbi, US dollars, and euros.

The tranches included HK$2.5b for two years at 2.5%, RMB2.5b for five years at 1.9%, US$300m for three years at 3.633%, and EUR300m for four years at 2.512%.

This latest issuance introduced several new features. It integrated digital currency into the settlement process and extended the tenor to up to five years to meet demand for longer-term digital bonds.

Total subscriptions across all four tranches exceeded HK$130b, making it the largest digital bond issuance globally to date.

Compared with the previous issuance, the number of investors, arranging banks, and direct participants on the digital assets platform all increased.

Digital Token Identifiers (DTIs) were also obtained for all tranches.

The issuance further expanded the use of the International Capital Market Association’s Bond Data Taxonomy, aiming to standardise the exchange of issuance information across traditional capital markets and the digital bond sector.