Crédit Agricole CIB supports the Hong Kong SAR Government in issuing multi-currency green bonds
This transaction comprises the Government’s longest ever offshore Renminbi bond offering.
The Government of the Hong Kong Special Administrative Region (the HKSAR Government) completed an approximately HK$25 billion multi-tranche multi-currency green bond offering under the Government Sustainable Bond Programme (previously known as the Government Green Bond Programme). Crédit Agricole CIB acted as one of the joint global coordinators, joint bookrunners, joint lead managers and joint green structuring banks on all tranches denominated in Renminbi, US dollars, and Euro.
Notably, the issuance features the first ever 20-year and 30-year public offshore Renminbi (CNH) green bonds issued by the HKSAR Government, which is a breakthrough following its first 10-year CNH issuance in 2023. With the debut longest CNH offering, this transaction helps to extend the offshore Renminbi yield curve and enrich offshore Renminbi product offerings, which helps further promote Renminbi internationalisation.
This is the eighth institutional green bond issuance by the HKSAR Government, including two digital green bond offerings in 2023 and 2024. Crédit Agricole CIB is honoured to be one of the only two banks mandated as the joint global coordinator and joint green structuring bank in all institutional green bond issuances by the HKSAR Government since 2019. The achievement reaffirms Crédit Agricole CIB’s market leadership in sustainable finance issuance in the Asia-Pacific market. Euromoney accoladed Crédit Agricole CIB ‘Hong Kong’s Best Bank for ESG’ Will open in a new tab for two consecutive years.
“We extend our warmest congratulations to the HKSAR Government on the successful issuance of approximately HK$25 billion (US$3.18 billion) multi-currency green bonds. Notably, the 20-year and 30-year Renminbi green bonds that were offered for the very first time by the HKSAR Government underscores its commitment to enrich offshore Renminbi product offerings and open the doors for issuers to raise long-dated CNH tenor going forward.”
Alan Roch
Head of Credit for Asia-Pacific and the Middle East
“The HKSAR Government's green bond issuances mark a golden standard for the market, an achievement made only possible by the Government's dedication to uphold not only the quality of green structuring elements, but also consistency to tap the market regularly and create new markets for sustainable bonds.”
Carmen Tsang
Head of Sustainable Investment Banking, Greater China
“Being one of the top 5 government green bond issuers globally, the HKSAR Government is at the frontier of sustainable finance development. Its efforts as a leading green and sustainable financing hub to support decarbonisation are widely recognised.”
Alexander Tam
Head of Banks and SSA (Sovereigns, Supranationals and Agencies), Financial Institutions Group, Hong Kong
En savoir plus
Check out our recent success in Hong Kong SAR:
- Awards for Excellence: Best bank for ESG in Hong Kong – Crédit Agricole CIB
- Hong Kong SAR Government issues the world’s first multi-currency digital green bond
- Hong Kong Green and Sustainable Finance Awards recognises Crédit Agricole CIB as sustainable deposit and loan facilitator
- Asia Risk names Crédit Agricole CIB Derivatives House of the Year, Hong Kong and Structured Products House of the Year Will open in a new tab
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