China News Service, May 17. According to Hong Kong Wen Wei Po, the Hong Kong SAR government announced on the 16th the results of the subscription and distribution of the first batch of green retail bonds issued under the Green Bond Program.
According to the subscription information provided by the Placing Bank and Hong Kong Securities Clearing Company Limited, as of the end of the subscription period at 2:00 pm on May 6, the SAR government has received a total of 488,353 valid applications, with a total amount of HK$32,567.42 million in bond principal.
The SAR government stated that all valid applications will be allocated bonds in accordance with the mechanism set out in the issuance circular on April 26, with a maximum of 5 lots.
All 150,000 applications for subscription of 4 lots or less of bonds will be allotted in full.
The remaining 337,527 applications (that is, those who subscribed for more than 4 lots) will be issued with 4 lots of bonds first, and will be drawn by lottery, of which 194,302 applications will be allotted one more lot of bonds.
The final issuance of the first batch of green retail bonds is HK$20 billion.
Financial Secretary Chen Maobo said that the first batch of green retail bonds issued by the SAR government has received enthusiastic support from the public, which is the largest green retail bond issued in the world so far.
In addition to providing the public with a green investment option with stable returns and continuing to promote the development of the local retail bond market, the launch of green retail bonds can also expand the range of green and sustainable financial products in Hong Kong and further consolidate Hong Kong’s status as a premier international green finance hub. status.
The green retail bonds will be issued on May 18 and listed on the Hong Kong Stock Exchange on May 19.