In February, the(HKMA) its first HK$800m ($102m) tokenized last February. Now several banks are doing roadshows for the next tranche to be launched within a few months.
Last week’s roadshows were organized by the Bank of China (Hong Kong), Credit Agricole CIB, Goldman Sachs and HSBC, according to the South China Morning Post (). That’s the same syndicate of banks involved in this year’s issuance.
Given that Hong Kong is planning a “Green Finance Week” in February, it seems likely that the next issuance might coincide with that. Especially as the first green bonds will be due for redemption around then. According to the SCMP, the second batch will also offer a 4.05% return.
As with the previousissuance and the before, both the bond issuance and tracking of the green credentials will use blockchain.
It remains to be seen which tokenization platform will be used. Last time HKMA used Goldman’s GS DAP platform. HSBC hasand Credit Agricole CIB has (used for the EIB green bond issuance).