Deal of the Month: Hong Kong SAR Government’s multi-tranche, multi-currency green bonds
In January, the government of Hong Kong announced Apac’s largest US dollar green bond issuance to date. It has since made headlines with other innovative green bond deals.
Hollif
May 30, 2023
Our Deal of the Month feature for May focusses on the government of Hong Kong Special Administrative Region HKSAR’s institutional green bond offering earlier this year. Priced on January 5, it marked the largest green bond issuance in HKSAR’s history and the largest multi-trance green bond issuance in Asia Pacific, with a total size of $5.75 billion.
The offering also constituted the largest US dollar green bond issuance in Apac, and the first ever sovereign multi-currency green bond priced concurrently in euro EUR, US dollar USD and yuan CNH.
The transaction helped to reopen the Asian bond markets after a volatile fourth quarter...
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