Hong Kong to sell up to $2.55 billion retail green bond this month
HONG KONG (Reuters) – Hong Kong will re-launch its inaugural retail inexperienced bond this month because the coronavirus pandemic eases to lift as a lot as HK$20 billion ($2.55 billion), town’s monetary chief stated on Sunday.
The Asian monetary hub final month delayed a sale value HK$6 billion due to the fast unfold of COVID-19.
The three-year inexperienced bond situation, which features a quota from the brand new monetary 12 months that began in April, will likely be value HK$15 billion, and it may be elevated to as much as HK$20 billion upon over-subscription, Monetary Secretary Paul Chan stated in a weblog submit.
The bond may have a charge of two.5%, up from 2% for the deliberate sale in March, he added, and will likely be open for subscription by the tip of this month.
Hong Kong has stepped up efforts lately to grow to be a pacesetter in environmental and social governance, together with the creation of working teams with authorities officers and world companies to develop a expertise pool.
However its ambition to grow to be a hub for inexperienced and sustainable enterprise has been underneath menace from its robust border controls in opposition to COVID, which make it more durable for monetary establishments to draw specialist employees.
($1 = 7.8387 Hong Kong {dollars})
(Reporting by Clare Jim; Enhancing by Robert Birsel)
