Allen & Overy advised the HKSAR Government on the largest ESG bond issuance in Asia to date
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News: 11 January 2024
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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.
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.