Hong Kong’s government sold about $5.8 billion of green bonds denominated in dollar, euro and offshore yuan, according to term sheets reviewed by Reuters on Thursday.
The US dollar bonds will be issued in three, five, 10- and 30-year tranches, the term sheet said, while the offshore yuan will be in two- and five-year tranches.
The U.S. dollar 3-year bonds were sold at Treasuries plus 35 basis points (bps), 5-years at plus 70 bps, 10-years at plus 95 bps and 30-years at plus 145 bps.
Euro bonds were priced for the two years at midswaps plus 70 bps and 7 years at midswaps plus 110 bps.
While, the offshore yuan bonds had a yield of 3 percent for two years and 3.3 percent for five years.
Investors have already lodged bids worth $6.5 billion for the US dollar portion of the deal and 19.5 billion yuan ($2.83 billion) for that tranche, according to a notice published by banks working on the deal.
Noteworthy that the final deal size was larger than sources had told Reuters on Tuesday when the transaction was expected to raise $5 billion.
