Hong Kong Mortgage Corporation plans to issue the world's largest digital bond, raising up to HKD 12 billion

According to Bloomberg, Hong Kong Mortgage Corporation Limited plans to raise up to HKD 12 billion (USD 1.5 billion) through its first issuance of digital bonds, which could become the largest issuance of such bonds in history. Hong Kong Mortgage Corporation is a financial services provider owned by the Hong Kong government, with total assets of approximately HKD 221.8 billion.

Insiders revealed that Hong Kong Mortgage Corporation is expected to start marketing 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 the issuance, trading, and settlement phases, not only shortens settlement times and reduces costs but also accelerates scalability.