HONG KONG: The Hong Kong Special Administrative Region (HKSAR) government on Wednesday announced the successful offering of 5-billion yuan ($783-million) offshore renminbi (RMB) green bonds.

The offering comprises 2.5 billion yuan ($391 million) of three-year bonds and 2.5 billion yuan of five-year bonds, the first offering of renminbi-denominated bonds by the HKSAR government, setting an important new benchmark for the offshore RMB market.

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