Hong Kong’s Government Starts Marketing U.S. Dollar Green Bond
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. Photographer: Kerem Uzel/Bloomberg
, Bloomberg
Rebecca Choong Wilkins, Bloomberg News
(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.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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