On June 1, the HKSAR Government announced the successful offering of close to US$6 billion worth of green bonds (the Green Bonds) under the Government Green Bond Programme. The offering included different types of currencies and tenors, which continued to attract a wide spectrum of investors and was well received.
– The GreenBonds are expected to be settled on June 7, 2023 and listed on the Hong Kong Stock Exchange and the London Stock Exchange. The Green Bonds have been assigned credit ratings of AA+ by S&P Global Ratings and AA- by Fitch.
– Proceeds raised will be credited to the Capital Works Reserve Fund to finance or refinance projects that provide environmental benefits and support the sustainable development of Hong Kong.
Source/Full Article: The Government of the Hong Kong Special Administrative Region