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

Odaily Planet Daily News: The Hong Kong Mortgage Corporation Limited announced its first issuance of HKD 12 billion in public digital bonds, comprising three tranches: a HKD 6 billion two-year bond, a HKD 2.5 billion five-year bond, and a RMB 3 billion three-year digital bond. Among them, the five-year HKD bond is the longest-tenor HKD digital bond ever issued.

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