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.

Read more: https://www.reuters.com/article/us-hongkong-green-bond/hong-kong-raises-1-billion-in-oversubscribed-first-green-bond-idUSKCN1SR0AS

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