Green bonds: building a sustainable future
More than 320,000 retail investors will be each allocated not more than nine lots of the latest government green bonds after they poured in a combined HK$30 billion in the latest sale. The proceeds were more than double the original target, and with the keen market interest, the final sale size has been raised to HK$20 billion. But while many retail investors are eyeing the guaranteed minimum six-monthly interest payments of 4.75 percent over the three-year tenor, green bonds aren’t merely an investment vehicle – it helps fund key environmentally friendly projects to help give us clean electricity, energy-saving buildings, reduce waste, and make our transport system greener. Listen to our reporter Jacqueline Guico’s report on what kinds of projects are funded through the government’s green bonds programme.