TechFlow News, June 13: According to an announcement published on the official website of the Hong Kong Monetary Authority (HKMA), Hong Kong Mortgage Corporation Limited (HKMC) announced on June 11, 2026, that it has successfully priced its first public offering of digital bonds—valued at approximately HK$12 billion—under its US$30 billion medium-term note issuance program. This marks the largest digital bond issuance globally to date, and HKMC has become the first public-sector institution in Hong Kong to issue digital bonds.
The issuance comprises three tranches: a HK$6 billion two-year tranche, a HK$2.5 billion five-year tranche, and a RMB3 billion three-year tranche. The five-year HKD tranche is the longest-dated HKD digital bond ever issued, establishing a new benchmark for the HKD bond market. Peak subscription totaled approximately HK$24 billion equivalent, drawn from over 100 accounts. Investors included multilateral development banks, central banks, commercial banks, private banks, insurance companies, and asset management firms.
The digital bonds were digitally created on a distributed ledger technology (DLT) platform, shortening the settlement cycle from five business days to three business days. Investors may participate in trading via the existing Central Moneymarkets Unit (CMU) infrastructure for debt instruments, connected to their Euroclear and Clearstream accounts.
