Svmuu News Hong Kong Mortgage Corporation Limited plans to raise up to HKD 12 billion (USD 1.5 billion) through its inaugural digital bond issuance, potentially marking the largest such issuance globally to date. The Hong Kong Mortgage Corporation is a financial services provider owned by the Hong Kong government, with total assets of approximately HKD 221.8 billion.
Informed sources revealed that the Hong Kong Mortgage Corporation is expected to begin marketing a multi-currency digital bond denominated in Hong Kong dollars and offshore Renminbi as early as next month. Utilizing this debt instrument, which employs blockchain technology across issuance, trading, and settlement processes, not only results in shorter settlement times and lower costs but also enhances speed and scalability. (Bloomberg)