Hong Kong Electric launches $5 billion medium-term note program

By William Gullotti

Buffalo, N.Y., Aug. 11 – Hong Kong Electric Finance Ltd. is listing a $5 billion medium-term note program, according to a listing notice published Wednesday.

Notes issued under the program will be guaranteed by the parent company, Hong Kong Electric Co., Ltd.

HSBC is the arranger for the program

Serving as dealers are ANZ, Bank of China (Hong Kong), Barclays, BNP Paribas, BofA Securities, Citigroup, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs (Asia) LLC, HSBC, Mizuho Securities, Morgan Stanley, Standard Chartered Bank and UBS.

The program is expected to become effective Aug. 12.

HK Electric is one of Hong Kong’s two main electricity generation companies.

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