HSBC Issues First English-Law Digital Bond on HKEX Using Distributed Ledger Technology

COINOTAG news reported on September 29 that HSBC has successfully launched a one-year digital note valued at HK$1 billion (approximately US$128 million), leveraging distributed ledger technology (DLT). This issuance mirrors the earlier sovereign digital bond release by Hong Kong. Notably, this marks the inaugural listing of a digital note by a Hong Kong enterprise on the Hong Kong Exchange (HKEX) and represents the first English-Law digital bond in the region. The note offers an annual interest rate of 3.6% with a settlement window of two days. HSBC utilized its Orion platform for the issuance, integrating it with the central securities depository CMU, thereby allowing investors not directly interacting with the DLT platform to acquire the notes conventionally.