Slaughter and May, Hong Kong, advised MTR Corporation Limited (MTRCL) on its HKD30 billion seven-year syndicated green loan facility (Facility), which represents the largest unsecured international syndicated green term loan facility (excluding project finance) in Asia, the Middle East and North Africa by a Hong Kong corporation with a tenor of seven years or longer.
With the support from a total of 57 banks headquartered across Asia, the Americas, Australia, Europe and the Middle East, the Facility was more than five times over-subscribed and has been upsized from HKD23 billion to HKD30 billion after the general syndication process. This landmark transaction enables MTRCL to continue implementing its sustainability strategy and expanding its network coverage that will contribute to Hong Kong’s long-term strategic and sustainable growth.
Similar to MTRCL’s inaugural issuance of offshore Renminbi-denominated green bonds in September 2024, proceeds of the Facility will be used to fund or refinance the eligible green investments in one or more of the categories set out in MTRCL’s 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 pollution prevention.
The Mandated Lead Arrangers, Bookrunners and Underwriters of the Facility include Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, The Bank of East Asia, Limited, China Construction Bank (Asia) Corporation Limited, China Development Bank Hong Kong Branch, DBS Bank Ltd., Fubon Bank (Hong Kong) Limited, Taipei Fubon Commercial Bank Co., Ltd., Hang Seng Bank Limited, The Hongkong and Shanghai Banking Corporation Limited, Industrial and Commercial Bank of China (Asia) Limited, Mizuho Bank, Ltd., MUFG Bank, Ltd., OCBC Bank (Hong Kong) Limited, Qatar National Bank (Q.P.S.C.), Hong Kong Branch and Standard Chartered Bank (Hong Kong) Limited.