Hong Kong Mortgage Corporation Issues HKD 12 Billion Public Digital Bond, Setting a New Global Record for Scale

Odaily Planet Daily News The Hong Kong Mortgage Corporation Limited announced its inaugural issuance of HKD 12 billion in public digital bonds, comprising three tranches: a HKD 6 billion 2-year bond, a HKD 2.5 billion 5-year bond, and a three-year digital bond denominated in RMB 3 billion. Among these, the five-year HKD bond represents the longest-maturity HKD digital bond ever issued, setting a new benchmark for the HKD bond market.

It is reported that this issuance transaction is the largest digital bond offering globally to date, and the Hong Kong Mortgage Corporation has become the first public institution in Hong Kong to issue a digital bond. The bond will be generated on a distributed ledger technology platform operated by the Central Moneymarkets Unit, which also serves as the settlement and clearing system for the digital bond. (Press Release of the Government of the Hong Kong Special Administrative Region)