Hong Kong public institutions' first attempt at digital bonds, with a scale of 12 billion yuan, directly sets a new global record, adding a significant milestone to the RWA track.

According to a press release from the Government of the Hong Kong Special Administrative Region (HKSAR), Hong Kong Mortgage Corporation Limited has announced its inaugural public offering of digital bonds totaling HKD 12 billion, including three tranches: HKD 6 billion in two-year bonds, HKD 2.5 billion in five-year bonds, and RMB 30 billion in three-year bonds. Among them, the issued five-year HKD bonds are the longest-maturity HKD digital bonds ever issued, setting a new benchmark for the HKD bond market. It is reported that this issuance transaction is the largest digital bond issuance globally to date. The Mortgage Corporation has also become Hong Kong’s first public-sector institution to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Securities Depository, which also serves as the settlement and clearing system for digital bonds.