Allen & Overy, Ashurst, Linklaters Help HKSAR Government Issue First Tokenized Green Bond
2023-02-16

On February 16, 2023, the Government of the Hong Kong Special Administrative Region of the People's Republic of China successfully offered HK$800 million of tokenized green bonds. This is the first tokenized green bond issued by a government in the world and the first tokenized bond governed by Hong Kong law.

BOCHK, Crédit Agricole CIB, Goldman Sachs, HSBC Hong Kong as joint global coordinating bank, joint lead bank and joint book-running bank for the offering.

Allen & Overy acted as legal counsel to the issuer and provided professional legal services to the HKSAR government.

Ashurst provided professional advice to Goldman Sachs on the tokenization platform (GS DAPTM) used in the offering.

Linklaters was fully involved in the offering as legal counsel to the bank and trustee.