Hong Kong raises $1 billion in oversubscribed first green bond
by Julia Fioretti, Reuters
Hong Kong raised $1 billion from the sale of its first green bond on Wednesday, as the former British colony looks to establish itself as a center for green finance.
Hong Kong sold a five-year U.S. dollar-denominated green bond with a coupon of 2.5%, attracting over $4 billion in orders from investors globally, the Hong Kong Monetary Authority said.
The proceeds from green bonds get earmarked for investment in environmentally friendly projects.
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