Slaughter and May has advised Hong Kong’s MTR Corporation on its first “green bond”, valued at $600 million (HK$4.68 billion).
The proceeds of the 10-year green bond, issued by MTR Corporation under its $4 billion debt issuance programme, will be used exclusively to fund qualifying green investments, such as those relating to low-carbon transportation, energy efficiency, and sustainable transport solutions and real estate properties.
Partner Roger Cheng led the Slaughter and May team. Meanwhile, HSBC, Bank of America Merrill Lynch and Goldman Sachs (Asia) acted as the lead managers for the bond issue.
Slaughter and May partner Roger Cheng has since advised MTR on the annual update of their $4 billion medium term note programme.