Slaughter and May, Hong Kong, advised MTR Corporation Limited (MTR) on its issuance of a US$1.2 billion 10-year green bond (the Bond) under its US$5 billion Debt Issuance Programme, being the largest green bond issuance in Hong Kong.
Proceeds of the Bond issuance will be used to fund or refinance, in whole or in part, eligible investments in one or more of the categories set out in the MTR Sustainable Finance Framework, namely, renewable energy, low carbon transportation, energy efficiency, sustainable transit stations and real estate properties, adaptation to climate change, biodiversity and conservation, water management, waste management and/or pollution prevention.
HSBC and Goldman Sachs (Asia) L.L.C. acted as the Joint Global Coordinator for the Bond issuance, with Mizuho Securities, Bank of China (HK), Credit Agricole CIB and Standard Chartered Bank being appointed as Joint Bookrunners and Lead managers for the Bond issuance. HSBC acted as the sole sustainability advisor for the Bond issuance.