The Hong Kong Government issued a batch of green bonds and infrastructure bonds with a total value of approximately HK$27 billion

The Zhitong Finance App learned that on June 4, the HKSAR Government announced that it has successfully priced green bonds (green bonds) and infrastructure bonds (infrastructure bonds) worth approximately HK$27 billion under the Government's Sustainable Bond Program and Infrastructure Bond Program, covering Hong Kong dollars, RMB, US dollars and euros. This batch of green bonds and infrastructure bonds is expected to be settled on June 10 and listed on the Hong Kong Stock Exchange and the London Stock Exchange.

The green bonds and infrastructure bonds issued this time were priced on June 3, 2025, and both received S&P Global AA+ and Fitch AA- ratings. The relevant rates of return are as follows:

The HK$1.5 billion 30-year infrastructure bond was 3.85%;

The RMB 4 billion 20-year green bond is 2.60%;

The RMB 4 billion 30-year infrastructure bond was 2.70%;

The US$1 billion 5-year green bond was 4.151%; and

The €1 billion 8-year green bond is 3.155%.

The offering attracted extensive participation from global investors from more than 30 markets from Asia, Europe, the Middle East and America. The total subscription amount was approximately HK$237 billion, or about 3.3 to 12.5 times the issuance amount. Among them, the 30-year HKD bond was issued for the first time by the HKSAR Government, and it is also the longest-tenured HKD bond issued by the HKSAR Government to date. The 20-year and 30-year RMB bonds, which were first introduced last year, were also actively subscribed by investors, and the issuance scale was double that of last year.

Hong Kong's Financial Secretary Chan Mao-po said that the HKSAR Government issues green bonds to attract and guide market capital to support green projects and promote Hong Kong's sustainable development; issuing infrastructure bonds will help speed up construction in the northern metropolitan area, etc., so that projects benefiting the economy and people's livelihood can be completed as soon as possible. The enthusiastic response from global institutional investors to this subscription fully reflects their confidence in Hong Kong's financial stability and long-term development. Meanwhile, the HKSAR Government's first issuance of 30-year Hong Kong dollar bonds will help extend the Hong Kong dollar benchmark yield curve and further promote the development of the Hong Kong bond market.