The Hong Kong Monetary Authority published an announcement from the Hong Kong Mortgage Corporation Limited, or HKMC, on the successful pricing of its inaugural digital bond issuance, totalling about HKD12 billion equivalent under its USD30 billion Medium Term Note Programme. The bonds were book-built and priced in Hong Kong on 10 June 2026. The deal is described as the largest digital bond issuance globally to date, makes HKMC the first public sector entity in Hong Kong to issue digital bonds, and includes a five-year HKD tranche that is the longest tenor yet for an HKD-denominated digital bond. The issuance comprises three tranches: HKD6 billion of two-year bonds, HKD2.5 billion of five-year bonds and CNH3 billion of three-year bonds. It attracted a peak orderbook of about HKD24 billion equivalent from more than 100 accounts, including local, Southbound Bond Connect and international institutional investors. The bonds were created on a distributed ledger technology platform operated by the Central Moneymarkets Unit, which also handles clearing and settlement. Key execution features were a digitally native issuance format, investor access through existing CMU links to Euroclear and Clearstream, and a shorter settlement cycle of three business days rather than five.
Hong Kong Monetary Authority2026-06-11
Hong Kong Monetary Authority says HKMC prices HKD12 billion equivalent inaugural digital bonds in largest digital bond issuance to date
The Hong Kong Monetary Authority published the Hong Kong Mortgage Corporation Limited’s announcement that it priced its inaugural digital bond issuance at about HKD12 billion equivalent under its USD30 billion Medium Term Note Programme. The three-tranche deal is presented as the largest digital bond issuance globally to date and makes HKMC the first public sector issuer of digital bonds in Hong Kong. It was issued through the Central Moneymarkets Unit’s distributed ledger platform and shortened settlement to three business days.