TechFlow News, April 9: 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 bond offering ever globally. HKMC is a financial services provider owned by the Hong Kong government, with total assets of approximately HK$221.8 billion.
According to informed sources, HKMC expects to begin marketing multi-currency digital bonds—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 shorter settlement times, lower costs, and enhanced scalability.
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