The Hong Kong Monetary Authority published details of the Hong Kong Special Administrative Region Government’s third digital green bond issuance, confirming the successful pricing of around HKD 10 billion equivalent across four currency tranches under the Government Sustainable Bond Programme. The HKD and RMB tranches introduced an option to settle using tokenised central bank money alongside traditional settlement rails, integrating e-HKD and e-CNY in the primary issuance process. The bonds were priced on 10 November after a 3 to 7 November virtual roadshow, comprising HKD 2.5 billion (2-year, 2.5%), RMB 2.5 billion (5-year, 1.9%), USD 300 million (3-year, 3.633%) and EUR 300 million (4-year, 2.512%). Total subscriptions exceeded HKD 130 billion, and the issuance extended tenor to up to five years. Clearing and settlement is via the Central Moneymarkets Unit operated by the HKMA, with HSBC Orion as the digital assets platform, T+1 settlement, and listing on the Hong Kong Stock Exchange; proceeds will finance or refinance eligible projects under the Government’s Green Bond Framework, which has a second-party opinion from Vigeo Eiris and a pre-issuance certificate under the Hong Kong Quality Assurance Agency’s scheme. The issuance obtained Digital Token Identifiers under ISO 24165 for all tranches linked to the bonds’ ISINs and the issuer’s LEI, and expanded use of the International Capital Market Association’s Bond Data Taxonomy. In accompanying remarks, the Financial Secretary said the Government will regularise the issuance of tokenised bonds and support the establishment of benchmarks, while the Secretary for Financial Services and the Treasury noted the deal is the first tokenised green bond issuance after the Government’s Policy Statement 2.0 on the development of digital assets.
Hong Kong Monetary Authority 2025-11-11
Hong Kong Monetary Authority details HKSAR Government’s HKD 10 billion digital green bond pricing with e-CNY and e-HKD settlement option
The Hong Kong Monetary Authority announced the successful pricing of the Hong Kong Special Administrative Region Government’s third digital green bond issuance, totaling approximately HKD 10 billion across four currency tranches. Part of the Government Sustainable Bond Programme, it introduced tokenised central bank money settlement options and achieved total subscriptions exceeding HKD 130 billion. The bonds will finance eligible projects under the Government’s Green Bond Framework, with plans to regularise tokenised bond issuance and establish benchmarks.