Gov’t offers $800m of tokenized green bonds
It is under the government green bond programme.
The government’s offering of $800m of tokenised green bonds, which are priced at 4.05% with a tenor of one year.
In a statement, the government said the bonds are under the government green bond programme.
The bond was “distributed by four banks and cleared and settled through the Monetary Authority's Central Moneymarkets Unit.”
Financial Secretary Paul Chan said Hong Kong said they are actively embracing innovative technologies in finance industry linked to Web3.
“The successful issuance of this tokenised green bond marks an important milestone as it demonstrates Hong Kong's strengths in combining bond market, green and sustainable finance as well as fintech,” added Chan.
Christopher Hui, secretary for financial services and the treasury, said they will work on creating a clear policy stance and roadmap to promote sustainable and responsible development of virtual assets.
The Hong Kong central bank will also issue a white paper to summarise the issuance of the bond.