Hong Kong Hires Banks for Debut Digital Green Bond Sale

(Bloomberg) — Hong Kong’s government has hired banks to arrange its debut sale of digital green bonds, expanding the use of a nascent technology that promises faster settlement and payment.

The special administrative region is looking to raise HK$800 million ($102 million) via the issuance of so-called tokenized green notes and has tapped Bank of China Ltd., Credit Agricole S.A., Goldman Sachs Group Inc. and HSBC Holdings Plc. to hold investor calls from Monday, according to people familiar with the matter who requested anonymity discussing private matters.