According to information published on the Hong Kong Monetary Authority website and reported by TechFlow on June 13, the Hong Kong Mortgage Corporation Limited announced on June 11, 2026 that it had successfully completed the pricing of its first batch of public digital bonds. The issuance was made under its US$30 billion medium-term note program and totaled approximately HK$12 billion equivalent.
The transaction set a record as the largest digital bond issuance globally to date. It also made the Hong Kong Mortgage Corporation the first public sector institution in Hong Kong to issue digital bonds.
Three Tranches in Hong Kong Dollars and Renminbi
The issuance consisted of three tranches: a HK$6 billion two-year bond, a HK$2.5 billion five-year bond, and a RMB3 billion three-year bond. Among them, the five-year Hong Kong dollar tranche became the longest-tenor Hong Kong dollar digital bond issued so far, establishing a new benchmark for the Hong Kong dollar bond market.
At the peak of the offering, combined subscription demand reached about HK$24 billion equivalent. Orders came from more than 100 accounts, with investors including multilateral development banks, central banks, banks, private banks, insurance companies, and asset management companies.
Digital Issuance on a Distributed Ledger Platform
The digital bonds were digitally generated on a distributed ledger technology platform. The settlement cycle was shortened from five business days to three business days, according to the information released through the Hong Kong Monetary Authority website.
Investors are able to participate in trading through the existing Central Moneymarkets Unit infrastructure for debt instruments, together with its links to Euroclear and Clearstream accounts. The issuance therefore combined public bond issuance, digital generation, and access through existing settlement infrastructure within the same transaction framework.