The Hong Kong government plans to issue the third batch of digital bonds, with pricing as early as today.

Golden Finance reports that the Hong Kong government plans to issue digital green bonds denominated in USD, HKD, EUR, and RMB again, with pricing expected as early as today. This will be the third issuance of digital bonds by the Hong Kong government since 2023, with the previous two issuances totaling 6.8 billion HKD.

S&P Global Ratings and Fitch Ratings have respectively assigned AA+ and AA- ratings to the proposed digital bonds in each currency, consistent with their long-term foreign and local currency issuer ratings for Hong Kong.

According to reports, digital bonds can be issued via Distributed Ledger Technology (DLT) platforms or on public blockchains such as Ethereum, which may offer greater flexibility. Compared to traditional bonds, digital bonds not only potentially have shorter settlement times and lower costs but also leverage the growing appeal of blockchain-based securities to accelerate scaling.