HSBC (00005) completes issuance of Hong Kong's first private sector digital bond with a total amount of HK$1 billion.

HSBC (00005) announced today the successful issuance of the first Hong Kong dollar-denominated senior unsecured fixed rate digital native bond, with a total value of 1 billion Hong Kong dollars. HSBC acted as the exclusive global coordinator, sole bookrunner, financial agent, paying agent, and transfer agent in this transaction, and provided the HSBC Orion as the distributed ledger technology platform for the issuance. John O'Neill, Head of HSBC's Digital Assets and Currencies Group, stated: "This issuance once again demonstrates HSBC's full support for the development of the digital asset market in Hong Kong. The liquidity and scale demonstrated through the HSBC Orion platform are expected to attract more private institutions to issue digital bonds. This bond is also the first digital bond in Hong Kong under UK jurisdiction, marking another important milestone. We look forward to further promoting the development of this market." Faisal Yousaf, Treasurer of HSBC Group, said: "This issuance marks further development in digital assets and reflects HSBC's support for continuous innovation in the capital markets. We are pleased to have issued this private digital bond under UK jurisdiction, setting multiple market precedents and helping investors participate in digital bond issuances in an efficient and convenient manner."