What if you as a Hong Kong resdient can contribute to the sustainable development of the city through its first-ever retail green bond?

Gaining its first mentioning in the 2021-22 Budget, the inaugural retail green bond issuance enables residents to directly contribute to the sustainable development of Hong Kong. With a target issue size of HK$6 billion, the proceeds raised under the Government Green Bond Programme will be credited to the Capital Works Reserve Fund to finance or refinance green projects with a focus on renewable energy, pollution prevention and monitoring, energy efficiency and conservation, environmental and biodiversity conservation, waste management and recycling and more.

The bond will have a tenor of three years, and bond holders will be paid interest once every six months at a rate linked to inflation in Hong Kong, subject to a minimum rate of 2%.

Subscription of the bond is scheduled to begin on 1 March and end on 11 March. The retail green bond will be issued on 22 March 22, listed on the Stock Exchange of Hong Kong on 23 March, and can be traded in the secondary market afterwards.

#retailgreenbond #greenbond #climatefinance #greenfinance #climateactions #climatecrisis