Status: Senior Unsecured Fixed Rate Infrastructure Notes (the “Infrastructure Notes”)
Format: 144A / Reg S (Category 1), Drawdown under Global Medium Term Note Programme (the “Programme”)
Expected Issue Size: US$ Benchmark
Tenor: 5-year
Initial Price Guidance: CT5+30 bps area
Use of Proceeds: The proceeds of the Infrastructure Notes issued under the Programme will be used exclusively to finance and/or refinance projects under the Capital Works Programme of the Capital Works Reserve Fund (except for those that have been or are expected to be included in the Government Sustainable Bond Programme) that fall under one or more of the “Eligible Categories” under the Issuer’s Infrastructure Bond Framework. Such projects are defined as “Eligible Projects” under the Infrastructure Bond Framework, and are conducive to Hong Kong’s long-term development
Terms: English Law, US$200k / US$1k Denoms, SEHK and LSE (ISM) Listing
JGCs, JBRs and JLMs: Bank of China (Hong Kong), Crédit Agricole CIB, HSBC (B&D), J.P. Morgan and Citigroup
JBRs and JLMs: Barclays, BofA Securities, BNP Paribas, Goldman Sachs (Asia) L.L.C., Mizuho, Morgan Stanley, Standard Chartered Bank and UBS
JLMs: ANZ, Bank of Communications, CIBC Capital Markets, ICBC (Asia) and Societe Generale
Joint Infrastructure Bond Structuring Banks: HSBC, J.P. Morgan and Citigroup