The government will issue a number of bonds in the coming fiscal year, with HK$70 billion to be in the retail tranche. Financial Secretary Paul Chan said in the coming fiscal year, the government will issue HK$120 billion worth of bonds. The HK$70 billion retail bonds will include HK$50 billion Silver Bond and HK$20 billion green bonds and infrastructure bonds. He added that the city has ranked first in the region for seven consecutive years in terms of the volume of international bond issuance, and proposed to expand the scope of the Government Green Bond Program to cover sustainable finance projects and take forward the Infrastructure Bond Scheme to raise capital for infrastructure projects. Chan noted that the government will continue to adhere strictly to fiscal discipline and keep the debt at a prudent level.

Source: The Standard February 28, 2024 07:08 UTC