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Market Chatter: China to Issue 6 Billion Yuan Inaugural Green Sovereign Bonds in Hong Kong

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The Chinese government is issuing as much as 6 billion yuan in green sovereign bonds in Hong Kong on Thursday, Bloomberg reported the same day, citing a person familiar with the matter.

China's finance ministry set the guidance for the three-year bonds at a yield of 1.85% and the five-year bonds at 2%, the report said, citing a source.

The renminbi-denominated debt will be the Chinese government's first green bond issuance in Hong Kong after pledging in March to expand international ESG funding, Bloomberg said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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