Hong Kong issues debut tokenised green bond
The transaction achieves a global first for any government issuer and marks the first tokenised bond to be issued under Hong Kong law.
Koichiko
The transaction achieves a global first for any government issuer and marks the first tokenised bond to be issued under Hong Kong law.
February 21, 2023
The Hong Kong Government last week successfully priced a HK$800 million $102 million tokenised green bond offering that marked a first not just for the territory, but for government bonds globally.
“This is something that the Hong Kong government has been trying to promote for a number of years, and this tokenised bond further demonstrates its commitment to digital assets, in combination with a focus on sustainable finance,” Gloria Cheung, Hong Kong-based capital markets partner at Linklaters, told FinanceAsia.
The one-year security was priced at a yield of 4.05%. Bank of China’s Hong Kong branch, Crédit Agricole CIB, Goldman Sachs and HSBC acted...
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