Hong Kong government raises US$3.2 billion via multicurrency green bond

Hong Kong’s government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city’s latest push to establish itself as a sustainable finance hub and to promote the internationalisation of the Chinese currency.

The deal consisted of a US$1 billion three-year dollar bond, a seven-year €750 million (US$819.75 million) bond, and a 10 billion yuan (US$1.38 billion) bond with maturities of two, five, 10, 20 and 30 years, according to the Hong Kong Monetary Authority (HKMA), the government’s representative for the green bond offering.

Source: TRADE FINANCE