The Hong Kong government plans to issue up to HK$20 billion worth of multi-currency digital bonds.

According to people familiar with the matter, the Hong Kong government plans to raise HK$15 billion to HK$20 billion ($1.9 billion to $2.6 billion) through the issuance of multi-currency digital green bonds, which would be the largest deal of its kind globally. The bonds will be denominated in US dollars, Hong Kong dollars, euros and offshore yuan, and could be priced as early as next Monday, said the sources. Requesting anonymity due to the non-public nature of the information, the sources noted that the Hong Kong government has engaged several banks to arrange a series of fixed-income investor meetings this week. (Cailian Press)