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

A step towards the analysis of anything, by anyone, anywhere: The Oxford Nanopore IPO

Oxford Nanopore’s co-founder and CEO Dr Gordon Sanghera describes why the company’s IPO was both “timely and natural” and supports the company’s ambitious growth plans.

Learn more
Supporting issuers with ESG data

ESG data and disclosure: a new tool for issuers

The number and scale of investors demanding greater disclosure of ESG-related data and integrating ESG into their capital allocation decision making continues to gather pace around the world.

The BlackRock Global Client Sustainable Investing Survey[1] indicated that investors plan to

Learn more
London prepares for India’s highly anticipated Overseas Listing Policy

The landscape of IPO opportunities for ambitious, growth-hungry Indian companies is set to change dramatically once India’s forthcoming Direct Overseas Listing Policy is introduced.

This new policy will allow Indian incorporated companies to list on select overseas stock exchanges by issuing their common equity shares to overs

Learn more
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