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Allen & Overy advised the HKSAR Government on the largest ESG bond issuance in Asia to date

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Tsang Agnes
Agnes Tsang

Partner

Hong Kong

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Yeap Jaclyn
Jaclyn Yeap

Partner

Singapore

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Stathopoulos Alexander
Alexander Stathopoulos

Partner

Singapore

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Image of Gordon Ng
Gordon Ng

Associate

Hong Kong

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Image of Erica Lo
Erica Lo

Associate

Hong Kong

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Image of Kristy Tang
Kristy Tang

Associate

Hong Kong

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Image of Eileen Qu
Eileen Qu

Associate

Hong Kong

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Grace Zhang
Grace Zhang

Sr Comms & Mktg Manager, APAC

Hong Kong

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13 January 2023

Allen & Overy has advised the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) on the issuance of USD5.75 billion worth of green bonds denominated in three currencies under its HKD200 billion Global Medium Term Note Programme dedicated to green bond issuances.

The triple-currency offering marks the largest ESG bond issuance in Asia to date.

The multi-tranche offering consists of:

  • USD500 million 4.375% bonds due 2026;
  • USD1 billion 4.500% bonds due 2028;
  • USD1 billion 4.625% bonds due 2033;
  • USD500 million 5.250% bonds due 2053;
  • EUR750 million 3.875% bonds due 2025;
  • EUR500 million 3.875% bonds due 2030;
  • RMB5 billion 3.00% bonds due 2025; and
  • RMB5 billion 3.30% bonds due 2028.

The A&O deal team was led by partners Agnes Tsang, Jaclyn Yeap and Alexander Stathopoulos, with support from Gordon Ng, Erica Lo, Kristy Tang and Eileen Qu.

Disclaimer

Not for distribution in the United States of America, Canada, Australia or Japan or in any other jurisdiction in which such distribution or dissemination would be prohibited by applicable law.
This announcement is not made being made available in, and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Canada, Australia or Japan or in any other jurisdiction in which such distribution or dissemination would be prohibited by applicable law. This announcement is for informational purposes only and is not intended, and should not be construed, as an offer of, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. the securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with all applicable state laws. There will be no public offering of such securities in the United States.