According to Deep Tide TechFlow, on November 10, as reported by Ming Pao citing Bloomberg, the Hong Kong government plans to issue digital green bonds denominated in US dollars, Hong Kong dollars, euros, and renminbi again, with pricing set as early as today. This will be the third time the Hong Kong government has issued digital bonds since 2023, with the scale of the first two issuances totaling 6.8 billion Hong Kong dollars.
S&P Global Ratings and Fitch Ratings have assigned ratings of "AA+" and "AA-" respectively to the various currency digital bonds that Hong Kong plans to issue, consistent with their long-term foreign and local currency issuer ratings for Hong Kong.
According to reports, digital bonds can be issued through distributed ledger technology (DLT) platforms and can also be issued on public chains like Ethereum, which may offer greater flexibility. Compared to traditional bonds, digital bonds not only may have shorter settlement times and lower costs but also can leverage the growing appeal of blockchain-based securities to accelerate expansion.
