HKSAR gov't issues 2.5-bln-USD green bonds

0 Comment(s)Print E-mail Xinhua, January 27, 2021
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HONG KONG, Jan. 27 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) government announced Wednesday its green bond offering worth 2.5 billion U.S. dollars.

The offering comprises 1 billion U.S. dollars of five-year bonds with a yield of 0.635 percent, 1 billion U.S. dollars of 10-year bonds priced at 1.414 percent, and 500 million U.S. dollars of 30-year bonds at 2.431 percent.

The HKSAR government said the offering saw strong demand from global investors. Asian institutional investors acquired 65 percent of the total issuance, and European and U.S. investors received an allocation of 20 percent and 15 percent, respectively.

"The success of the offering demonstrates investor confidence in Hong Kong's credit strengths and economic fundamentals in the long term," Paul Chan, financial secretary of the HKSAR government said. "The issuance will help catalyze further growth of the green and sustainable bond market, particularly leveraging on Hong Kong's strengths as a leading green finance hub in the region."

With credit ratings of AA+ by S&P Global Ratings and AA- by Fitch, the green bonds are expected to be settled on Feb. 2 and listed on the Hong Kong Stock Exchange and the London Stock Exchange. Enditem

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