On 8 May 2026The HKSAR Government successfully priced a multi-currency bond offering totaling approximately HK$27.6 billion, spanning green and infrastructure tranches. Denominated in HKD, RMB, USD, and EUR, the issuance attracted HK$239 billion in orders, resulting in a robust 8.6x subscription ratio across more than 30 global markets.The significant tranches included a HKD3 billion 30-year infrastructure bond yielding 3.95% and RMB12 billion in long-dated infrastructure bonds, intended to enhance the offshore RMB yield curve and promote currency internationalization. Additionally, a EUR750 million green tranche was priced at 3.119% to support low-carbon transitions. Proceeds are earmarked for the Capital Works Reserve Fund to finance major projects, including the Northern Metropolis.
Moreover, the issuance, rated AA- by Fitch and AA+ by S&P, reflects strong institutional confidence in Hong Kong’s fiscal trajectory. Settlement is scheduled for May 14, 2026, with listings on the HKEX and London Stock Exchange.
Sources:https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/05/20260508-6/