China Aims to Raise 6 Billion Yuan in Hong Kong Green Bond Sale

China is seeking to raise as much as 6 billion yuan ($882 million) in a green sovereign bond sale in Hong Kong next week, as the nation continues to build its presence in offshore debt markets and aims to fund climate action.

The offering, which would be China’s first-ever green sovereign note in the city, will take place during the week of May 25, the Ministry of Finance said in an announcement Tuesday. Specific details will be released ahead of the launch, the ministry said.