Climate change: Hong Kong’s government raises US$2.5 billion as it prices Asia’s first ever 30-year sovereign green bond
Hong Kong’s government priced what it said was the first 30-year green bond by an Asian government ever and the longest tenor bond in its history on Tuesday, raising US$2.5 billion, according to the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank.
The offering was more than double the size of the government’s first US$1 billion green bond in 2019. The city’s government announced nearly three years ago that it would seek to issue up to HK$100 billion (US$12.9 billion) in green…
