Bloomberg: Hong Kong Mortgage Corporation Plans to Issue Digital Bonds, Raising Up to HK$12 Billion

According to Bloomberg, Hong Kong Mortgage Corporation Limited (HKMC) plans to raise up to HK$12 billion (US$1.5 billion) through its inaugural digital bond issuance—potentially the largest such offering globally to date. HKMC is a financial services provider owned by the Hong Kong government, with total assets of approximately HK$221.8 billion. Sources familiar with the matter said HKMC expects to begin marketing a multi-currency digital bond denominated in Hong Kong dollars and offshore renminbi as early as next month. This debt instrument leverages blockchain technology across issuance, trading, and settlement—enabling faster settlement, lower costs, and enhanced scalability.