Hong Kong to issue first sovereign green bonds this year

Hong Kong intends to issue its inaugural sovereign green bonds with a value of up to HK$100 billion $12.8 billion, according to speakers at the Asian Financial Forum. 

The Hong Kong government will issue its first sovereign green bonds in the first half this year, said James Lau, the Hong Kong Secretary for Financial Services and the Treasury. “We have adopted a strong green agenda.”

The maximum principal amount of these bonds is HK$100 billion, which “represents a long-term target over a long period of time” of at least 10 years, according to the Financial Services and the Treasury Bureau in June...