By Marisa Wong
Los Angeles, Dec. 1 – The government of the Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong) priced RMB 5 billion of notes (AA+/AA-) in two parts, according to a notice.
Hong Kong priced RMB 2.5 billion of 2.8% notes due 2024 at par and RMB 2.5 billion of 3% notes due 2026 at par.
The notes will be issued under the government’s HK$100 million global medium-term note program.
Proceeds will be used for eligible green projects.
Bank of China (Hong Kong) Ltd., Bank of Communications, Credit Agricole CIB, HSBC, ICBC (Asia), Mizuho Securities and Standard Chartered Bank are the joint bookrunners and joint lead managers. Credit Agricole CIB, HSBC and ICBC (Asia) are also joint global coordinators.
Credit Agricole CIB and HSBC are the joint green structuring advisors.
| Issuer: | Government of the Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong)
|
| Issue: | Notes
|
| Amount: | RMB 5 billion
|
| Call option: | No
|
| Put option: | No
|
| Issue date: | Nov. 30
|
| Listing: | Hong Kong, London
|
| Ratings: | S&P: AA+
|
| Fitch: AA-
|
| Distribution: | Regulation S
|
|
|
| 2024 notes
|
| Issue: | Notes, series 007 tranche 001
|
| Amount: | RMB 2.5 billion
|
| Maturity: | Nov. 30, 2024
|
| Coupon: | 2.8%
|
| Price: | Par
|
| Yield: | 2.8%
|
| ISIN: | HK0000789864
|
|
|
| 2026 notes
|
| Issue: | Notes, series 008 tranche 001
|
| Amount: | RMB 2.5 billion
|
| Maturity: | Nov. 30, 2026
|
| Coupon: | 3%
|
| Price: | Par
|
| Yield: | 3%
|
| ISIN: | HK0000789872
|
|
|
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