Hong Kong Mortgage Corp (HKMC) Issues $1.5 Billion (HKD 12 Billion) Digital Bonds in 3 Tranches with 1) HKD 6 Billion 2-Year Bond, 2) HKD 2.5 Billion 5-Year Bond & 3) CNH 3 Billion 3-Year Bond
11th June 2026 | Hong Kong
Hong Kong Mortgage Corp (HKMC) has issued $1.5 billion (HKD 12 billion) digital bonds in 3 tranches with 1) HKD 6 billion 2-year bond, 2) HKD 2.5 billion 5-year bond & 3) CNH 3 billion 3-year bond. Announcement (11/6/26): “The Hong Kong Mortgage Corporation Limited (HKMC) today (11 June) announced the successful pricing of its inaugural digital bonds totalling approximately HK$12 billion equivalent (Issuance) under its US$30 billion Medium Term Note Programme. Following a series of effective pre-marketing exercises and investor roadshows, the bonds were successfully book-built and priced in Hong Kong on 10 June 2026. This landmark transaction marks the largest-ever digital bond issuance globally to date, underscoring the deep market liquidity and accelerating adoption by institutional investors. With the Issuance, the HKMC also becomes the first public sector entity in Hong Kong to issue digital bonds. In addition, the 5-year Hong Kong dollar (HKD) tranche represents the longest tenor ever for an HKD-denominated digital bond, setting a new benchmark in the HKD bond market. The triple-tranche digital bond issuance comprises HK$6 billion 2-year, HK$2.5 billion 5-year and CNH 3 billon 3-year digital bonds. Building on the successful digital bond issuance mechanism adopted by the Government of the Hong Kong Special Administrative Region (HKSAR Government), the Issuance was well received by a diverse group of high-quality institutional investors. These included local, Southbound Bond Connect and international institutional investors, spanning multilateral development bank, central bank, banks, private banks, insurance and asset management companies. The Issuance attracted a combined peak orderbook of around HK$24 billion equivalent from more than 100 accounts. The digital bonds are digitally created on a distributed ledger technology platform operated by the Central Moneymarkets Unit (CMU), which also serves as the clearing and settlement system for the digital bonds. The Issuance marks a significant milestone on the HKMC’s digital finance journey. Key features include issuing the bonds in a digitally native format for greater operational efficiency, providing investors the option to access via the existing CMU infrastructure and linkage to Euroclear and Clearstream, and successfully shortening the settlement cycle from 5 business days to 3 business days. The HKMC highly appreciates the professional advice and tremendous support from the Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers which comprised a total of 16 local and international financial institutions, in making a success of the Issuance. The full list of participating financial institutions is set out at the Annex.” In 2026 April, Hong Kong Mortgage Corp (HKMC) was reported to be planning to issue $1.5 billion (HKD 12 billion) digital bonds (blockchain technology / distributed ledger technology), which allows for faster & lower cost settlement. In 2025 November, Hong Kong government issued $1.2 billion (HKD 10 billion) digital green bonds in 4 currencies (HKD, RMB, USD, EUR) with 1) HKD 2.5 billion 2-year 2.5% bond, 2) RMB 2.5 billion 5-year 1.9% bond, 3) USD 300 million 3-year 3.633% bond & 4) EUR 300 million 4-year 2.512% bond.
“ Hong Kong Mortgage Corp (HKMC) Issues $1.5 Billion (HKD 12 Billion) Digital Bonds in 3 Tranches with 1) HKD 6 Billion 2-Year Bond, 2) HKD 2.5 Billion 5-Year Bond & 3) CNH 3 Billion 3-Year Bond “
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Howard Lee, Deputy Chief Executive of the Hong Kong Monetary Authority and Executive Director of the HKMC: “By launching tokenised fixed income products and driving market innovation, the HKMC demonstrates its unwavering support for the HKSAR Government’s strategic roadmap to cement Hong Kong’s position as a global fixed income and currency hub. This landmark digital bond issuance helps deepen Hong Kong’s digital asset ecosystem and accelerate the adoption of tokenisation technology in the fixed income market, inspiring a wider range of issuers, investors, intermediaries and other industry stakeholders to embrace this innovative financial instrument.”
Colin Pou, Executive Director and Chief Executive Officer of the HKMC: “Through our effective pre-marketing exercises and roadshows to the investing community, the inaugural digital bonds issued by the HKMC were priced amidst strong market reception. This milestone highlights the growing participation from arranging banks and first-time digital bond investors. It reinforces Hong Kong’s distinctive role in bridging traditional finance with the digital asset era. Moving forward, the HKMC will continue to leverage its strengths to further develop the local bond market.”
Hong Kong Mortgage Corp (HKMC) Plans Issue of $1.5 Billion (HKD 12 Billion) Digital Bonds (Blockchain Technology / Distributed Ledger Technology) Allowing for Faster & Lower Cost Settlement
9th April 2026 – Hong Kong Mortgage Corp (HKMC) is reported to be planning to issue $1.5 billion (HKD 12 billion) digital bonds (blockchain technology / distributed ledger technology), which allows for faster & lower cost settlement. In 2025 November, Hong Kong government issued $1.2 billion (HKD 10 billion) digital green bonds in 4 currencies (HKD, RMB, USD, EUR) with 1) HKD 2.5 billion 2-year 2.5% bond, 2) RMB 2.5 billion 5-year 1.9% bond, 3) USD 300 million 3-year 3.633% bond & 4) EUR 300 million 4-year 2.512% bond. Announcement (11/11/25):”The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) today (11 November) announced the successful pricing of around HK$10 billion worth of digital green bonds (Digital Green Bonds) denominated in HK dollars (HKD), Renminbi (RMB), US dollars (USD) and euro (EUR) under the Government Sustainable Bond Programme. Following a virtual roadshow from 3 to 7 November, the Digital Green Bonds were priced on 10 November as follows: 1) HKD2.5 billion 2-year tranche at 2.5%, 2) RMB2.5 billion 5-year tranche at 1.9%, 3) USD300 million 3-year tranche at 3.633%, 4) EUR300 million 4-year tranche at 2.512%.”
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