Global bank HSBC has issued its first HK$1 billion $130 million Hong Kong dollar-denominated senior unsecured fixed rate digitally native notes DNNs on the Hong Kong Stock Exchange HKEX.
The DNNs are 3.6% and due 2025 under the bank’s $20 billion medium term note programme, and were issued with a T2 settlement window.
FinanceAsia understands that this is the first digitally native bond by a private sector issuer in Hong Kong, as well as the first English law digital bond issuance in Hong Kong.
HSBC Orion, a distributed ledger technology platform, was used to help create...
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