The government of Hong Kong (HK) is planning to raise between USD 4- 6 bn from a fresh, multi-currency-denominated green bond issuance, Reuters reports referencing two sources with knowledge of the matter. The timeline of the issuance and the stock exchange where the green note would be listed were not disclosed.

The details: The green note —- which the news outlet quotes the Hong Kong Monetary Authority on for the relevant details —- would be “announced in due course” and would have a three, five or 10-year maturity date. The newswire notes investor demand for the HK government’s USD-dominated tranche totaled USD 9 bn, referencing intel from bookrunners’ statements. A separate term sheet reviewed by Reuters notes the HK government is simultaneously looking to issue a separate RMB-denominated bond with two, five and 10-year tenors. The state is also looking to issue another green bond in the EU debt market, but the details are set to be revealed later on Wednesday, according to Reuters.

Not HK’s first green bond rodeo: The agreement — which the state has yet to pull the trigger on — would be the second green issuance carried out by the country this year after HK raked in some USD 5.7 in green bonds earlier in January, the newswire notes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• China, the world's biggest source of greenhouse gas emissions, needs USD 38 tn to meet its zero emissions target by mid-2050. (Bloomberg)
• A class action lawsuit has been filed against Delta Airlines for allegedly failing to meet its advertised net-zero operations claim. (Reuters)