Wu Shuo learned that, according to a press release from the Hong Kong Monetary Authority, Hong Kong Mortgage Corporation Limited issued its first public digital bonds and successfully priced bonds totaling approximately HKD 12 billion (about USD 1.54 billion). The HKMA stated that this is the largest digital bond issuance globally to date, and the Mortgage Corporation has also become the first public entity in Hong Kong to issue digital bonds. The issuance includes three bonds: HKD 6 billion, 2-year term; HKD 2.5 billion, 5-year term; and RMB 3 billion, 3-year term, with peak subscription amounts of about HKD 24 billion equivalent. The related bonds are generated digitally through a distributed ledger technology (DLT) platform operated by the Central Clearing and Settlement System for debt instruments, and settlement and delivery have been completed.

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GateUser-f7b40cee
· 13h ago
USD 1.54 billion, the first public-institution deal—Hong Kong’s ambitions in RWA can’t be hidden
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DaoPeripheralWorker
· 13h ago
Three different currencies with different maturities, the structure is quite detailed, it seems to be a prototype for regular issuance in the future.
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MerkleGarden
· 13h ago
That 6 billion two-year note was probably snatched up like crazy—subscription peak was 24 billion, with coverage at 4 times, which is a bit exaggerated.
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TvlTeaTime
· 13h ago
Distributed ledgers for settlement and delivery—finally, it’s not just concept PPTs. This time, the Hong Kong Monetary Authority is putting real money behind it.
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FeeTakerPhD
· 13h ago
Hong Kong public sector entities issuing digital bonds, the signaling significance is at its peak
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LiquidityLifeguard
· 13h ago
12 billion Hong Kong dollars + DLT settlement, this scale is indeed the current global ceiling, traditional finance on-chain speed is faster than expected
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