September 10, 2024

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Hong Kong’s Government Starts Marketing U.S. Dollar Green Bond

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Hong Kong’s Government Starts Marketing U.S. Dollar Green Bond




Rebecca Choong Wilkins



(Bloomberg) — Hong Kong is seeking to price its second U.S. dollar-denominated green bond Tuesday, tapping rising demand for socially-responsible debt to help meet its own environmental goals.



a hand holding a cup: A customer counts 100 U.S. dollar banknotes and 50 euro banknotes inside a foreign currency exchange bureau in the Beyoglu district of Istanbul, Turkey, on Thursday, May 14, 2020. The global demand shock that followed the coronavirus pandemic is exposing a key vulnerability for Turkey’s external finances, with stimulus at home worsening an imbalance between imports and exports while creating another pressure point for the lira.


© Bloomberg
A customer counts 100 U.S. dollar banknotes and 50 euro banknotes inside a foreign currency exchange bureau in the Beyoglu district of Istanbul, Turkey, on Thursday, May 14, 2020. The global demand shock that followed the coronavirus pandemic is exposing a key vulnerability for Turkey’s external finances, with stimulus at home worsening an imbalance between imports and exports while creating another pressure point for the lira.

The city’s government set the initial price guidance for the planned five-year, 10-year and 30-year green notes at 50, 60 and 90 basis points areas over U.S. Treasuries respectively, according to a person familiar with the matter.

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