Euroclear

According to CNA Business, Hong Kong's government launched a benchmark-sized, four-year euro green bond in digital form with final size and coupon not yet set, and price guidance at 11 basis points above mid-swaps. The bond is set to settle on Tuesday, with plans to list on the Hong Kong Stock Exchange, and proceeds will fund eligible environmental projects under its Green Bond Framework; it will be electronically recorded via HSBC's Orion platform and cleared through the HKMA's Central Moneymarkets unit, linked to Euroclear and Clearstream. Hong Kong is rated Aa3 by Moody's, AA+ by S&P, and AA- by Fitch.