Bloomberg: Hong Kong Mortgage Corporation Plans to Issue the World's Largest Digital Bond, Raising Up to HK$12 Billion

Odaily Planet Daily reports that Hong Kong Mortgage Corporation Limited plans to raise up to HK$12 billion (US$1.5 billion) through its first issuance of digital bonds, potentially becoming the largest such bond issuance globally. Hong Kong Mortgage Corporation is a financial services provider owned by the Hong Kong government, with total assets of approximately HK$221.8 billion. According to sources, the corporation is expected to begin promoting multi-currency digital bonds denominated in Hong Kong dollars and offshore renminbi as early as next month. This debt instrument, which utilizes blockchain technology in issuance, trading, and settlement processes, not only shortens settlement times and reduces costs but also accelerates scalability. (Bloomberg)