Hong Kong Mortgage Corporation Issues HK$12 Billion Digital Bonds, First Public Agency to Do So

According to Foresight News, Hong Kong Mortgage Corporation has issued digital bonds worth approximately HK$12 billion in total, becoming the first public agency in Hong Kong to launch digital bonds. The issuance comprises three tranches: HK$6 billion for 2-year bonds, HK$2.5 billion for 5-year bonds, and RMB 3 billion for 3-year bonds.

The 5-year Hong Kong dollar bonds represent the longest maturity digital bonds ever issued in Hong Kong. Peak aggregate subscriptions reached approximately HK$24 billion from over 100 accounts, with investors including multilateral development banks, central banks, commercial banks, private banking divisions, insurance companies, and asset managers.