West Kowloon Cultural District Authority’s HK$4 Billion Sustainability Linked Loan

Norton Rose Fulbright has advised a syndicate of banks on the deal. Mayer Brown represented the West Kowloon Cultural District Authority.

The syndicate of banks, led by HSBC and Standard Chartered, as Global Coordinators and Sustainability Structuring Banks, provided a HK$4 billion sustainability linked loan (“SLL”) facility made available to West Kowloon Cultural District Authority (“the Authority”), the first of its kind amongst statutory bodies and arts and cultural institutions in Hong Kong. 

The West Kowloon Cultural District is one of the largest and most vibrant cultural projects in the world, with prominent theatres, performance spaces, and museums. The three-year SLL facility was significantly oversubscribed, symbolising the banking community’s full confidence in the Authority’s development prospects and capability in fulfilling its missions. 

Norton Rose Fulbright’s Hong Kong banking and finance partner Peter Haslam (Picture) led the Norton Rose Fulbright team which included counsel Alvin Wong and registered foreign lawyer Vivian Wong. 

Francis Chen led the Mayer Brown team in this transaction, which included partner Alvin Yeung and associate Christopher Ng (all Hong Kong).

Involved fees earner: Francis Chen – Mayer Brown; Christopher Ng – Mayer Brown; Alvin Yeung – Mayer Brown; Peter Haslam – Norton Rose Fulbright; Vivian Wong – Norton Rose Fulbright; Alvin Wong – Norton Rose Fulbright;

Law Firms: Mayer Brown; Norton Rose Fulbright;

Clients: HSBC; Standard Chartered; West Kowloon Cultural District Authority;

Giulia Di Palma

Author: Giulia Di Palma