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Finance

Hong Kong touts ESG credentials with world's biggest retail green bond

$2.5bn offering is city's latest building block in hub for sustainable finance

Hong Kong has sought to attract investment focused on environmental, social and governance factors.   © Reuters

HONG KONG -- Hong Kong's first green bond for individual investors begins trading here Thursday after a 20 billion Hong Kong dollar ($2.55 billion) offering that the city calls the biggest of its kind anywhere.

The three-year bond carries twice-yearly interest payments tied to inflation, with a guaranteed minimum annual rate of 2.5%. The funds raised will go toward resource-recycling projects and the construction of environmentally friendly buildings.

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