Hong Kong hires banks for sale of green bonds to raise dollar, euro, offshore yuan funds

Hong Kong’s government unveiled plans for a multi-tranche sale of green bonds in dollar, euro and offshore yuan currencies and hired banks to organise investor meetings beginning on Tuesday.

The bonds, which are expected to be rated AA+ by S&P Global and AA- by Fitch Ratings, are to be issued under the government’s HK$500 billion (US$64 billion) global medium-term note programme.

Source: TRADE FINANCE