The Hong Kong Mortgage Corporation plans to issue the world's largest digital bond to raise up to HK$12 billion

The Hong Kong Mortgage Corporation Limited plans to raise up to HK$12 billion (US$1.5 billion) through its first digital bond offering, potentially becoming the largest such bond offering in the world's history. The Hong Kong Mortgage Corporation is a Hong Kong government-owned financial services provider with total assets of approximately HK$221.8 billion. According to people familiar with the matter, the Hong Kong Mortgage Corporation expects to start promoting multi-currency digital bonds denominated in Hong Kong dollars and offshore RMB as early as next month. Using this debt instrument that uses blockchain technology in the issuance, trading and settlement processes will not only make settlement times shorter and cheaper, but also speed up expansion.