Hong Kong prices US$1.3 billion multi-currency green bonds, Bloomberg reports

Hong Kong’s government priced the equivalent of US$1.3 billion (HK$10.14 billion) of the green bonds in US dollars, Hong Kong dollars, euros and offshore yuan, a roughly 70 percent increase from last year’s issuance, Bloomberg News reported, citing people familiar with the matter.

The Hong Kong dollar tranche totalled HK$2.5 billion with a two-year tenor and a coupon of 2.5 percent, while the US$300 million digital bond carried a 3.625 percent coupon and a three-year maturity, the report said.

This is the third time the Hong Kong government has issued such digital bonds.