Skip to main content

Clifford Chance

Clifford Chance

News and awards

Clifford Chance advises Bank of China (Hong Kong) and HSBC on world's largest retail green bond issuance

  • en
  • zh
  • Language options

25 May 2022

Clifford Chance advises Bank of China (Hong Kong) and HSBC on world's largest retail green bond issuance

Leading international law firm Clifford Chance has advised Bank of China (Hong Kong) and HSBC as joint lead managers on the issuance of Hong Kong SAR Government's inaugural retail green bonds under the Government Green Bond Programme. Open for subscription on April 26, the government has more than tripled the offer size for the three-year note to HK$20 billion (US$2.56 billion). The issuance is the largest retail green bond issuance globally to-date.

Lead partner Mark Chan said, "We are delighted and honoured to advise on this historically important, ESG-led market first transaction for Hong Kong. Bringing together our extensive experience leading the world's most significant ESG finance transactions, the introduction of the largest retail green bond offering to-date represents Hong Kong SAR Government's commitment to provide a broad spectrum of green finance products, bringing such products to the retail market as well as building the necessary market infrastructure in its development to become an international premier green finance hub."

Mark was supported by associates George Mok and Christine Chan.

The firm has a track record of advising on market-leading and innovative debt issuances such as the first US dollar sustainability linked bond in Asia (ex Japan), Hong Kong's first non-governmental retail bonds and the first dim sum bonds to combat coronavirus.

高伟绅就全球最大规模的零售绿色债券发行为中银香港和汇丰银行提供法律服务

国际领先律师事务所高伟绅就香港特别行政区政府在政府绿色债券计划下发行首批绿色零售债券,为联席牵头经办人中国银行(香港)有限公司和汇丰银行提供法律服务。本次发行的绿色零售债券为三年期,于2022年4月26日开始认购。最终发行额为200亿港元(25.6亿美元),超过原计划发行规模的三倍,是迄今为止全球发行规模最大的零售绿色债券。

高伟绅牵头负责本次交易的香港办公室合伙人陈方中律师表示:“我们很荣幸能参与这一具有历史意义的首笔ESG主题的零售债券交易。高伟绅具有ESG主题融资的丰富经验,牵头办理了众多全球重要交易。本次香港特别行政区政府的绿色债券是全球至今发行额最大的绿色零售债券,彰显政府提供广泛的绿色金融产品的承诺,向零售市场推出此类产品,建设必要的市场基础设施,进一步巩固香港作为国际一流的绿色金融中心的地位。”

本项目由高伟绅香港办公室莫秉杰律师和陈家颖律师提供支持。

高伟绅具有为业内领先以及创新的债券发行提供咨询的丰富经验,包括亚洲(日本除外)首支可持续发展挂钩美元债券、香港首支非政府零售债券以及第一支为应对新冠肺炎疫情筹集资金的点心债券发行。