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HSBC Completes Issuance of HK's First Private Digital Bond Totaling $1B
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HSBC announced the successful issuance of the first HKD-denominated senior unsecured fixed-rate digital native bond, totaling $1 billion. HSBC stated that it acted as the sole global coordinator, sole bookrunner, fiscal agent, paying agent, and registrar for the transaction, while providing "HSBC Orion" as the Distributed Ledger Technology platform for the issuance. John O’Neill, Head of Digital Assets and Currencies at HSBC, noted that the liquidity and scale demonstrated by the "HSBC Orion" platform so far are expected to attract more private institutions to issue digital bonds. This bond is also Hong Kong's first English Law digital bond. AAStocks Financial News |
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