HKSAR Government’s Inaugural Tokenised Green Bond Offering
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) today (16 February) announced the successful offering of HK$800 million of tokenised green bond (the Tokenised Green Bond) under the Government Green Bond Programme (GGBP). This is the first tokenised green bond issued by a government globally.
Following a virtual roadshow earlier this week, the one-year, HKD-denominated Tokenised Green Bond was priced yesterday at 4.05%. It was distributed by a four-bank syndicate, two of which also act as investor custodians. The Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority (HKMA) is the clearing and settlement system for the bond, leveraging Goldman Sachs’ tokenisation platform – GS DAPTM.