Hong Kong Government Issues $767 Million 2-Year Digital Green Bonds in USD, EUR, HKD & CNY: $200 Million at 4.749%, EUR 80 Million at 3.647%, HKD 2 Bi
Hong Kong | Leading Financial Centre in Asia Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion. 
Hong Kong Government Issues $767 Million 2-Year Digital Green Bonds in USD, EUR, HKD & CNY: $200 Million at 4.749%, EUR 80 Million at 3.647%, HKD 2 Billion at 3.8% & CNY 1.5 Billion at 2.9% 8th February 2024 | Hong Kong
The Hong Kong government (HKSAR) has issued $767 million (HKD 2 billion) 2-year Digital Green Bonds in USD, EUR, HKD & CNY, with $200 million at 4.749%, EUR 80 million at 3.647%, HKD 2 billion at 3.8% and CNY 1.5 billion at 2.9%. Announcement: “The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) today (7 February) announced the successful offering of around HK$6 billion worth of digital green bonds (Digital Green Bonds) denominated in HK dollars (HKD), Renminbi (RMB), US dollars (USD) and euro (EUR) under the Government Green Bond Programme. The two-year Digital Green Bonds attracted subscription by a wide spectrum of institutional investors globally, from financial institutions (including some major asset managers, banks, insurance companies and private banks) to non-FI corporates.”
“ Hong Kong Government Issues $767 Million 2-Year Digital Green Bonds in USD, EUR, HKD & CNY: $200 Million at 4.749%, EUR 80 Million at 3.647%, HKD 2 Billion at 3.8% & CNY 1.5 Billion at 2.9% “
- Article continues below - Quick Links, Ads & Announcements Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle Sign Up Basic Member: $5 Monthly | $60 Yearly Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680) The 2024 Investment Day 6th March Hong Kong | 13th March Singapore Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore. Visit | Register here The 2024 Family Office Summit10th April Hong Kong | 24th April Singapore Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2024 Family Office Summit | Register here
Paul Chan, Financial Secretary: “The Government has once again issued digital green bonds this year, incorporating various technological innovations. This demonstrates Hong Kong’s strengths and leadership position in combining the bond market, green and sustainable finance, as well as fintech. We will continue to promote innovation and application of fintech, explore the use of new technologies to enhance the efficiency, transparency, and security of financial transactions, and foster vibrant development in various sectors of the financial market.”
Christopher Hui, Secretary for Financial Services and the Treasury: “The second issuance of digital green bonds demonstrates the Government’s continuous support to innovative forms of bond issuances and green transformation. We are confident that this issuance will further entrench the social awareness of sustainable development in combination with fintech and consolidate Hong Kong’s status as a leading green and sustainable finance hub.”
Eddie Yue, Chief Executive of the HKMA: “Building on the success of the inaugural digital bond offering last year, we are delighted to bring to the market another landmark issuance. This second digital issuance include multiple innovations that broaden investor access, support interoperability, and improve transparency and efficiency. We hope this issuance would promote the development of the digital securities market and encourage the wider adoption of digitalisation technology.”
Hong Kong Government Issues $767 Million 2-Year Digital Green Bonds in USD, EUR, HKD & CNY
Hong Kong | Leading Financial Centre in Asia 8th February 2024 – The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) today (7 February) announced the successful offering of around HK$6 billion worth of digital green bonds (Digital Green Bonds) denominated in HK dollars (HKD), Renminbi (RMB), US dollars (USD) and euro (EUR) under the Government Green Bond Programme. The two-year Digital Green Bonds attracted subscription by a wide spectrum of institutional investors globally, from financial institutions (including some major asset managers, banks, insurance companies and private banks) to non-FI corporates.
The Digital Green Bonds were priced as follows:
- HKD2 billion tranche at 3.800%
- RMB1.5 billion tranche at 2.900%
- USD200 million tranche at 4.749%
- EUR80 million tranche at 3.647%
This is the second digital bond issuance following the HKSAR Government’s inaugural tokenised green bond issued in February 2023. The Hong Kong Monetary Authority (HKMA) completed Project Genesis in 2021 in collaboration with the Bank for International Settlements Innovation Hub Hong Kong Centre to concept-test the issuance of tokenised green bonds in Hong Kong. This issuance further develops on the basis of Project Genesis and achieved new breakthroughs in the following areas:
The clearing and settlement system of the Digital Green Bonds is the CMU, with HSBC Orion as the digital assets platform. This represents the first multi-currency digital bond offering in the world, and the first digitally native bond issuance in Hong Kong. HSBC, Bank of China (Hong Kong), Crédit Agricole CIB, Goldman Sachs (Asia) L.L.C, ICBC (Asia), UBS, Allen & Overy, Ashurst and Linklaters were involved in the preparation for the issuance.
Key features of the Digital Green Bonds Issue size Around HKD6 billion equivalent Currency HKD, RMB, USD, EUR Tenor 2-year Issue ratings AA+ / AA- (S&P / Fitch), on par with the issuer’s long-term rating Governing law Hong Kong law Use of proceeds To finance and/or refinance projects that fall under one or more of the “Eligible Categories” set out in the Government’s Green Bond Framework
Vigeo Eiris has provided a Second Party Opinion on the Government’s Green Bond Framework. The Digital Green Bonds have also received the Green and Sustainable Finance Certification Scheme Pre-issuance Stage Certificate from the Hong Kong Quality Assurance Agency Listing Hong Kong Stock Exchange Joint Global Coordinators, Joint Lead Managers, Joint Bookrunners Bank of China (Hong Kong), Crédit Agricole CIB, Goldman Sachs (Asia) L.L.C, HSBC, ICBC (Asia), UBS
(in alphabetical order here and below) Joint Green Structuring Banks Crédit Agricole CIB, HSBC Clearing and Settlement System CMU operated by the HKMA2 , with linkage to Euroclear and Clearstream Platform HSBC Orion Platform Provider HSBC Platform Direct Participants3 Bank of China (Hong Kong), Crédit Agricole CIB, HSBC, ICBC (Asia) Fiscal Agent and Principal Paying Agent HSBC Legal Advisers Allen & Overy (to issuer), Ashurst (to Platform Provider), Linklaters (to banks and agents)
You are:
InvestorProfessionalFamily OfficeExecutive
Select:
SubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Country
New to Caproasia Learn More | Sign Up | Subscribe | Register Events Caproasia Users - Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Professional Investor
- Family Office
- HNW Partnership
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The Family Office Summit
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.