Hong Kong prices first yuan-denominated green bonds, raising US$783 million, in boost for sustainable finance credentials

Hong Kong has priced its first yuan-denominated green bonds, raising 5 billion yuan (US$783 million) just days after selling its first euro-denominated green offering as the city seeks to position itself as Asia’s hub for sustainable finance.The city’s government sold 2.5 billion yuan in three-year green bonds and 2.5 billion in five-year green bonds in its fourth offering since announcing its sustainable bonds programme in 2018, according to a person familiar with the offering.Financial…

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