HSBC issues HKD 1 billion digital bonds using Orion DLT technology

According to Ledger Insights, HSBC has issued a one-year digital bond worth HKD 1 billion (approximately USD 128 million) through its Orion distributed ledger technology (DLT) platform. This is the first digital note issued by a Hong Kong company and listed on the Hong Kong Stock Exchange, as well as the first digital bond issued in Hong Kong under UK law, with an annual interest rate of 3.6%. This issuance adopts a similar technological architecture as the $756 million digital bond issued by the Hong Kong government earlier this year. By integrating with the Central Depository and Clearing (CMU) system, investors can purchase the bond through traditional methods or DLT platforms, solving liquidity issues.