Hong Kong’s first green bond issuance oversubscribed
HKMA’s $1 billion five-year green bond proves highly popular
The Hong Kong Monetary Authority (HKMA) issued its inaugural $1 billion green bond with a tenor of five years last week, as the appetite for green assets grows among Asian investors.
The issuance was priced at 2.555% or 32.5 basis points over five-year US Treasury notes and it was oversubscribed three times, the HKMA said in a statement. High demand lowered the initial pricing guidance for investors by 17.5bp.
Only available to professional investors, the bond was listed on the Stock Exchange
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