Image by tonypee73 from Pixabay

Gov't issues new tranche of retail green bonds

Residents can subscribe in $10,000 increments.

The government will issue a new batch of retail green bonds under its Government Green Bond Programme.

Hong Kong residents can subscribe in  $10,000 increments starting at 9 a.m. on September 18 until 2 p.m. on September 28. 

"Hong Kong residents may apply through a placing bank, a securities broker or the Hong Kong Securities Clearing Company," the government said.

On October 11, the retail green bonds will be listed on the Hong Kong Stock Exchange. They can be traded in the secondary market afterwards.

“During the three-year tenor, bondholders will be paid interest once every six months at a rate linked to the city’s inflation, subject to a minimum rate of 4.75%,” the government said.

The government said it targets to issue $15b in retail green bonds. Given market conditions, the government may increase the issuance size to a maximum of $20b.

proceed from the bond issuance will be credited to the government’s Capital Works Reserve Fund to finance or refinance green projects with environmental benefits.
 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.