Deep Tide TechFlow News, November 10th, according to Ming Pao citing Bloomberg, the Hong Kong government plans to issue digital green bonds denominated in USD, HKD, EUR, and RMB again, with pricing expected as early as today. This will be the third issuance of digital bonds by the Hong Kong government since 2023, with the previous two totaling a combined scale of 6.8 billion HKD.
S&P Global Ratings and Fitch Ratings have respectively assigned “AA+” and “AA-” ratings to the proposed digital bonds in each currency, consistent with their long-term foreign and local currency issuer ratings for Hong Kong.
It is reported that digital bonds can be issued via distributed ledger technology (DLT) platforms or on public blockchains such as Ethereum, which may offer greater flexibility. Compared to traditional bonds, digital bonds may not only have shorter settlement times and lower costs but also leverage the growing appeal of blockchain-based securities to accelerate expansion.
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The Hong Kong government plans to issue the third batch of digital bonds, with pricing as early as today.
Deep Tide TechFlow News, November 10th, according to Ming Pao citing Bloomberg, the Hong Kong government plans to issue digital green bonds denominated in USD, HKD, EUR, and RMB again, with pricing expected as early as today. This will be the third issuance of digital bonds by the Hong Kong government since 2023, with the previous two totaling a combined scale of 6.8 billion HKD.
S&P Global Ratings and Fitch Ratings have respectively assigned “AA+” and “AA-” ratings to the proposed digital bonds in each currency, consistent with their long-term foreign and local currency issuer ratings for Hong Kong.
It is reported that digital bonds can be issued via distributed ledger technology (DLT) platforms or on public blockchains such as Ethereum, which may offer greater flexibility. Compared to traditional bonds, digital bonds may not only have shorter settlement times and lower costs but also leverage the growing appeal of blockchain-based securities to accelerate expansion.