Hong Kong to Raise $770 Million in First Retail Green Bond Sale

Hong Kong plans to borrow $770 million in its first green bond sale to fund sustainable projects as the city moves to become a hub for green finance

(Bloomberg) — Retail investors in Hong Kong will soon be able to buy green bonds for as little as HK$10,000 ($1,281) as the city looks to expand its role as a hub for sustainable finance.

The Hong Kong government is selling as much as HK$6 billion ($770 million) in green debt directly to investors for the first time with proceeds to back nine types of sustainable projects run by the city, Christopher Hui, secretary for financial services and treasury, told reporters Tuesday.