China News Service, Hong Kong, November 24. The Hong Kong Special Administrative Region government announced on the 24th that it has successfully sold 5 billion yuan (RMB) offshore RMB green bonds (green bonds) under the government's green bond plan.
The green bond issuance is divided into two periods: the three-year issuance amount is 2.5 billion yuan, and the five-year is 2.5 billion yuan.
This is the first renminbi bond issuance for the Hong Kong SAR government, providing an important new benchmark for the offshore renminbi market.
The green bonds were priced on November 23: the yield of the three-year RMB bond was 2.80% and the five-year bond was 3.00%.
Despite the recent market volatility, investors from different categories have responded enthusiastically to this batch of green bonds. The two renminbi bonds attracted a total of over 14.2 billion yuan in subscriptions.
54% is allocated to banks, 35% to fund managers, private banks and insurance companies, and 11% to international organizations, government agencies and private companies.
The Financial Secretary of the Hong Kong Special Administrative Region Government Chen Maobo said that the issuance of RMB green bonds by the Hong Kong Special Administrative Region Government is a milestone, which will further enrich the types of offshore RMB financial products in Hong Kong, consolidate Hong Kong's position as a hub for offshore RMB business, and help promote RMB internationalization. change.
The issuance also optimizes Hong Kong's bond financing platform, and more effectively assists RMB bond issuers in green financing to support their low-carbon transformation.
"Together with the US dollar and euro green bonds sold last week, we are committed to trying out different types of green bonds to further develop the green bond market."
It is reported that the Hong Kong Monetary Authority is the representative of the Hong Kong Special Administrative Region Government that issued green bonds under the government's green bond plan.
The funds raised in the plan will be allocated to the Capital Works Reserve Fund to provide funding for government projects that have environmental benefits and promote the sustainable development of Hong Kong.
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