Government launches Green Bond Grant Scheme
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"The GBGS aims to encourage green bond issuances to make use of Hong Kong's competitive capital markets and our sophisticated financial and professional services. From a broader perspective, the enhanced transparency and accreditation standards of green financial products would be conducive to strengthening market confidence in green finance, and help establish Hong Kong as a global green finance hub," a government spokesperson said.
The full cost of obtaining certification under the GFCS for eligible green bond issuances will be granted, up to a maximum of $800,000 per bond issuance. First time and repeated issuers with their green bonds of any tenor issued and listed in Hong Kong, and denominated in any currency at a minimum size of $500 million (or the equivalent in foreign currency), are welcome to apply. The GBGS will be valid for a period of three years. Further details on the grant eligibility criteria are available in the Annex.
Ends/Friday, June 15, 2018
Issued at HKT 16:30
Issued at HKT 16:30
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