The Hong Kong Special Administrative Region government has issued a new round of multi-currency and multi-year institutional green bonds.

HSBC serves as joint global coordinator, joint lead manager, joint bookkeeper and joint green structuring bank. Wu Fubin, Managing Director of Debt Capital Markets, Asia-Pacific, at HSBC Investment Bank, said that the first issuance of 20-year and 30-year RMB green bonds not only extends the offshore RMB bond rate curve, but also makes it the first issuer outside the Chinese Ministry of Finance to issue 20-year and 30-year offshore RMB bonds. This helps support the liquidity of the long end of the offshore RMB rate curve and provides forward-looking reference benchmarks for other issuers.

BOC Hong Kong (02388.HK) Deputy General Manager of Global Corporate Finance Chen Mingzhao said that BOC Hong Kong is honored to assist the Hong Kong government in issuing multi-year and multi-currency institutional green bonds again, and serve as joint global coordinator for offshore RMB green bonds. Among them, the 30-year offshore RMB green bond is the longest term in the public offering of offshore RMB bonds in Hong Kong and has been warmly subscribed by investors. This successful issuance highlights Hong Kong's financing advantages as an international financial center, further promotes the development of green and sustainable finance, and sets benchmarks for expanding the offshore RMB bond yield curve, encouraging more issuers to participate in the offshore RMB market.