PANews reported on November 10th that, according to Bloomberg, the Hong Kong government is marketing a new batch of "digitally native" green bonds, covering USD, HKD, EUR, and offshore RMB (CNH). These bonds will be recorded and cleared through the HSBC distributed ledger platform and have received an AA+ rating from S&P. The proposed issuance specifications include: USD 2-year T3+3, EUR 4-year MS+23, CNH 5-year coupon of 1.90%, and HKD 2-year coupon of 2.50%, all at benchmark sizes. If successful, this will be the third such issuance since 2023. Statistics also show that several Hong Kong companies have issued digital bonds this year, totaling approximately US$1 billion.


