The Hong Kong government’s inaugural green bond and its recent green finance measures will grow and mature the Asian financial hub’s green bond market.
The Hong Kong government’s Reg S144A senior unsecured green bond is expected to price as early as Tuesday. Initial price guidance for the 5-year paper is around 50bp over equivalent US Treasuries. With 5-year Treasuries yielding 2.21% on Tuesday, the initial price guidance of the Hong Kong government paper equates to 2.71% area.
SP Global and Fitch are both expected to rate the paper AA, in line with the sovereign.
This is one of Asia’s...
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