HSBC issues HK$1 billion digital bond using Orion DLT

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According to Ledger Insights, HSBC issued the first HK$1 billion (one-year) digital note listed on the Hong Kong Stock Exchange through its HSBC Orion distributed ledger technology (DLT) platform. The interest rate of the note is 3.6%, and the Hong Kong Central Securities Depository (CSD) CMU is the platform operator with a settlement window of two days. This is also the first digital bond issued in Hong Kong based on British law.

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