HKSAR Government’s Multi-Currency Green Bonds Offer

Allen & Overy has advised the Government of the Hong Kong Special Administrative Region of the People’s Republic of China on the matter.

HKSAR made a multi-tranche Reg S issuance of green bonds under its HKD100 billion Global Medium Term Note Programme.

The issuance comprises five tranches including USD1 billion 1.75% 10-year bonds, EUR1.25 billion zero coupon five-year bonds, EUR500 million 1.00% 20-year bonds, RMB2.5 billion 2.80% three-year bonds and RMB2.5 billion 3.00% five-year bonds. 

Allen & Overy advised the HKSAR Government on the establishment of the Global Medium Term Note Programme dedicated to green bond issuances as well as its multi-tranche issuance of USD2.5 billion green bonds under the programme in February 2021.

The Allen & Overy team was led by partners Agnes Tsang (Picture) and Jaclyn Yeap, with support from Erica Lo, Gordon Ng and Charles Chiu.

Involved fees earner: Charles Chiu – Allen & Overy; Erica Lo – Allen & Overy; Gordon Ng – Allen & Overy; Agnes Tsang – Allen & Overy; Jaclyn Yeap – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Hong Kong Government;

Giulia Di Palma

Author: Giulia Di Palma