Fixed Income Pulse: Hong Kong issues its first green bond

Hong Kong Deal at glance

The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) has issued its first international green bond.

The 5-year $1bn bond – part of the Government’s HK$100bn Green Bond Programme - attracted orders of over $4 billion from over 100 accounts. With this issuance, the HKSAR Government joins a number of Asian issuers that are accessing financing to promote sustainable development and mitigate climate change.

Investors distribution of Hong Kong's debut Green Bond

Investors distribution of Hong Kong

The HKSAR Government is aiming to reduce its carbon intensity by between 65% and 70% by 2030 compared with 2005 levels. Proceeds raised under the Government’s Green Bond Programme will be credited to the Capital Works Reserve Fund to finance or refinance public works projects that provide environmental benefits and support the sustainable development of Hong Kong. Projects focused on water and wastewater management, waste management and resource recovery, green buildings and energy efficiency and conservation are among those that will benefit from Hong Kong’s access to the capital markets with this issuance.

LSEG has been working closely with investors and issuers in the transition to a low-carbon and sustainable economy for over a decade. We are developing innovative products and services in close collaboration with the market. This listing further strengthens London’s position as a leading international financing centre, and the UK’s position as a leader for green and sustainable issuances from sovereigns, supranationals and corporates. As of 29 May 2019, there are 107 green and sustainability bonds from 39 different issuers in 11 currencies listed on London Stock Exchange. London has hosted many landmark green bond issuances from Greater China, including the largest ever green bond listing on London Stock Exchange, the first sustainability bond on London Stock Exchange’s International Securities Market, and the first international green bond and green covered bond from China.

For further information, please visit our website, send us an email at or call us on +44 (0) 207 797 3921.

More recent

Going direct: a Wise decision

Not every listing on the public markets has the aim of raising fresh capital. For fast-growing international technology company Wise, its Direct Listing on the Main Market of London Stock Exchange provides a way to broaden its ownership while remaining focused on its mission. Co-founder and CEO Kristo Käärmann explains their novel thinking and approach.

Learn more
Growth in tech, sustainable finance and diverse boards define London’s first half.

The depth and level of support provided by London’s markets to the rapidly evolving capital needs of issuers and investors in the global economy was vividly underlined in a strong and active first half of 2021.

Learn more
Trustpilot: Denmark’s tech unicorn puts its trust in London

Founded in Denmark in 2007, Trustpilot has developed into a global review platform with a mission to create a universal symbol of trust. Joining the premium segment of London’s Main Market, with its high standards of regulation and corporate governance, was an obvious choice for the first Danish tech unicorn to list in London.

Learn more
Global exposure, best execution: why London is at the centre of global securities trading

Robert Barnes
Group Head of Securities Trading & CEO Turquoise Global Holdings


The world trades in London

In the time zone that is central to the global business day, London’s role in global finance has always been pivotal. And at London’s heart is London Stock Exchange, which for centuries has provided choice and liquidity for investors and traders

Learn more