
Linklaters advises HSBC’s $1bn digitally native notes due 2025
The notes are the first digitally native notes listed on HKEX.
Linklaters advises HSBC’s $1bn digitally native notes (DNNs) at a fixed rate of 3.6% per annum due 2025.
The notes were issued under the US$20bn Medium Term Note Programme.
The DNNs are the first digitally native notes listed on The Stock Exchange of Hong Kong Limited (HKEX) by a HKSAR corporation.
The one-year Hong Kong dollar-denominated DNNs were issued in dematerialised registered form and cleared through the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority (HKMA).