Crédit Agricole CIB acts as Joint Global Coordinator and Green & Sustainable Bond Structuring Bank in HKSAR Government multi-currency bond issuance

The Government of the Hong Kong Special Administrative Region (HKSAR Government) has completed an approximately HK$27 billion multi-tranche green and infrastructure bond offering in four currencies – HKD, CNH, USD and EUR – concurrently for the first time. 

Crédit Agricole CIB acted as Joint Global Coordinator on all tranches, as well as the lead-left Joint Green and Sustainable Bond Structuring Bank on all three green tranches, playing a pivotal role in structuring the transaction, ensuring alignment with international standard while optimising smooth execution across multiple currencies. The multi-tranche offering has garnered significant interest from global investors, underscoring Hong Kong SAR's long-term commitment to sustainable finance and infrastructure development, solidifying its position as an international finance centre and a leading sustainable finance hub in Asia. 

The green bonds and the infrastructure bonds are issued in accordance with the HKSAR Government’s Green Bond Framework and Infrastructure Bond Framework respectively. Proceeds raised will be used to finance or refinance eligible green projects and infrastructure projects in accordance with the relevant frameworks.

Crédit Agricole CIB is honoured to be the only bank mandated as Joint Green and Sustainable Bond Structuring Bank and Joint Global Coordinator in all institutional green bonds ever issued by the HKSAR Government, totalling about US$23 billion since 2019. The achievement reaffirms the Bank’s leadership in sustainable finance and commitment to contributing to the city’s sustainability agenda.