Hong Kong Mortgage Corporation Launches Historic HK$12 Billion Inaugural Public Digital Bond Issuance, Setting Global Benchmark

HKMC's HK$12 billion inaugural public digital bond issuance

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Mortgage Corporation Limited (HKMC) today (June 11) announced the successful pricing of its inaugural digital bonds totalling approximately HK$12 billion equivalent (Issuance) under its US$30 billion Medium Term Note Programme. Following a series of effective pre-marketing exercises and investor roadshows, the bonds were successfully book-built and priced in Hong Kong on June 10, 2026.

This landmark transaction marks the largest-ever digital bond issuance globally to date, underscoring the deep market liquidity and accelerating adoption by institutional investors. With the Issuance, the HKMC also becomes the first public sector entity in Hong Kong to issue digital bonds. In addition, the 5-year Hong Kong dollar (HKD) tranche represents the longest tenor ever for an HKD-denominated digital bond, setting a new benchmark in the HKD bond market.

The triple-tranche digital bond issuance comprises HK$6 billion 2-year, HK$2.5 billion 5-year and CNH 3 billon 3-year digital bonds. Building on the successful digital bond issuance mechanism adopted by the Government of the Hong Kong Special Administrative Region (HKSAR Government), the Issuance was well received by a diverse group of high-quality institutional investors. These included local, Southbound Bond Connect and international institutional investors, spanning multilateral development bank, central bank, banks, private banks, insurance and asset management companies. The Issuance attracted a combined peak orderbook of around HK$24 billion equivalent from more than 100 accounts.

The digital bonds are digitally created on a distributed ledger technology platform operated by the Central Moneymarkets Unit (CMU), which also serves as the clearing and settlement system for the digital bonds.

The Issuance marks a significant milestone on the HKMC's digital finance journey. Key features include issuing the bonds in a digitally native format for greater operational efficiency, providing investors the option to access via the existing CMU infrastructure and linkage to Euroclear and Clearstream, and successfully shortening the settlement cycle from five business days to three business days.

Deputy Chief Executive of the Hong Kong Monetary Authority and Executive Director of the HKMC Mr Howard Lee said, "By launching tokenised fixed income products and driving market innovation, the HKMC demonstrates its unwavering support for the HKSAR Government's strategic roadmap to cement Hong Kong's position as a global fixed income and currency hub. This landmark digital bond issuance helps deepen Hong Kong's digital asset ecosystem and accelerate the adoption of tokenisation technology in the fixed income market, inspiring a wider range of issuers, investors, intermediaries and other industry stakeholders to embrace this innovative financial instrument."

Executive Director and the Chief Executive Officer of the HKMC, Mr Colin Pou, said, "Through our effective pre-marketing exercises and roadshows to the investing community, the inaugural digital bonds issued by the HKMC were priced amidst strong market reception. This milestone highlights the growing participation from arranging banks and first-time digital bond investors. It reinforces Hong Kong's distinctive role in bridging traditional finance with the digital asset era. Moving forward, the HKMC will continue to leverage its strengths to further develop the local bond market."

The HKMC highly appreciates the professional advice and tremendous support from the Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers which comprised a total of 16 local and international financial institutions, in making a success of the Issuance. The full list of participating financial institutions is set out at the Annex.

Source: AI-found images

DH announces latest situation regarding Legionnaires' disease cases

The Centre for Health Protection (CHP) of the Department of Health (DH) today (July 27) reported the latest number of Legionnaires' disease (LD) cases, and reminded the public of the importance of using and maintaining properly designed man-made water systems, adding that susceptible groups should strictly observe relevant precautions.

From July 19 to 25, the CHP recorded three community-acquired LD cases, involving two males and one female who had underlying illnesses. Details are as follows:

• An 86-year-old female living in Tai Po District;
• a 68-year-old male living in Southern District; and
• a 67-year-old male living in Sai Kung District.

The CHP is conducting epidemiological investigations to identify the potential sources of infection and high-risk exposure. An initial investigation revealed that the three community-acquired cases are sporadic cases. No epidemiological linkages have been established between these cases and other confirmed cases previously recorded in Hong Kong.

As of July 25, 98 LD cases had been recorded this year. In 2025 and 2024, there were 167 and 135 LD cases respectively.

Men, people aged over 50, smokers, alcoholics and persons with weakened immunity are more susceptible to LD. Some situations may also increase the risk of infection, including poor maintenance of water systems; living in areas with old water systems, cooling towers or fountains; using electric water heaters, whirlpool spas or hot water spring spas; and recent stays in hotels or ships.

Legionellae are found in various environmental settings and grow well in warm water (20 to 45 degrees Celsius). They can be found in aqueous environments such as water tanks, hot and cold water systems, cooling towers, whirlpool spas, water fountains, humidifiers and home respiratory devices that support breathing. People may become infected when they breathe in contaminated droplets (aerosols) and mist generated by artificial water systems, or when handling garden soil, compost and potting mixes.

Immunocompromised persons should:

• Use sterile or boiled water for drinking, tooth brushing and mouth rinsing;
• Avoid using humidifiers, or other mist- or aerosol-generating devices; and
• If using humidifiers, or other mist- or aerosol-generating devices, fill the water tank with only sterile or cooled freshly boiled water, and not water directly from the tap. Also, clean and maintain humidifiers/devices regularly according to manufacturers' instructions. Never leave stagnant water in a humidifier/device. Empty the water tank, wipe all surfaces dry, and change the water daily.

The public should observe the health advice below:

• Observe personal hygiene;
• Do not smoke and avoid alcohol consumption;
• Strainers in water taps and shower heads should be inspected, cleaned, descaled and disinfected regularly or at a frequency recommended by the manufacturer;
• If a fresh-water plumbing system is properly maintained, it is not necessary to install domestic water filters. Use of water filters is not encouraged as clogging occurs easily, which can promote growth of micro-organisms. In case water filters are used, the pore size should be 0.2 micrometres (µm) or less and the filter needs to be changed periodically according to the manufacturer's recommendations;
• Drain and clean water tanks of buildings at least quarterly;
• Drain or purge for at least one minute infrequently used water outlets (e.g. water taps, shower heads and hot water outlets) and stagnant points of the pipework weekly or before use;
• Seek and follow doctors' professional advice regarding the use and maintenance of home respiratory devices and use only sterile water (not distilled or tap water) to clean and fill the reservoir. Clean and maintain the device regularly according to the manufacturer's instructions. After cleaning/disinfection, rinse the device with sterile water, cooled freshly boiled water or water filtered with 0.2 µm filters. Never leave stagnant water in the device. Empty the water tank, keep all surfaces dry, and change the water daily; and
• When handling garden soil, compost and potting mixes:

1. Wear gloves and a face mask;
2. Water gardens and compost gently using low pressure;
3. Open composted potting mixes slowly and make sure the opening is directed away from the face;
4. Wet the soil to reduce dust when potting plants; and
5. Avoid working in poorly ventilated places such as enclosed greenhouses.

The public may visit the CHP'sLD page, theCode of Practice for Prevention of LDand theHousekeeping Guidelines for Cold and Hot Water Systems for Building Managementof the Prevention of LD Committee, and the CHP'srisk-based strategyfor prevention and control of LD.

Additionally, as smokers and alcoholics are more susceptible to LD, the Government urges members of the public to quit smoking and avoid drinking. Members of the public may call the DH Integrated Smoking Cessation Hotline at 1833 183, which is answered by registered nurses who provide professional counselling and referral to a wide range of free smoking cessation services. The public may also visit the smoking cessation thematic website (www.livetobaccofree.hk) for more information on smoking cessation. The DH has also developed and promulgated the Alcohol Screening and Brief Intervention tool to primary healthcare service providers to facilitate the early identification and management of at-risk drinkers. For information on alcohol-related harm, please visit the DH'sChange for Health website.

Source: AI-found images