Hong Kong government launches a benchmark-sized four-year euro green bond in digital form and plans to list them on the Hong Kong Stock Exchange
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.
Key facts
- 01The bond is a four-year euro green bond issued in digital form by Hong Kong's government.
- 02Final size and coupon have not yet been set; price guidance is 11 basis points above mid-swaps.
- 03Settlement is planned for Tuesday, with the issuance to be listed on the Hong Kong Stock Exchange.
- 04Proceeds will fund or refinance eligible environmental projects under the Green Bond Framework, and the bond will be recorded electronically via HSBC's Orion platform and cleared through the HKMA's Central Moneymarkets unit linked to Euroclear and Clearstream.
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