Clifford Chance advises on The University of Hong Kong's US$1 billion MTN programme

Global law firm Clifford Chance has advised the arrangers and dealers on the establishment of a US$1 billion Medium Term Note (MTN) Programme by the University of Hong Kong (HKU). The programme will enable HKU to issue medium term notes in multiple currencies and formats, subject to regulatory requirements. Notes issued under the programme may be listed on The Stock Exchange of Hong Kong and are offered to professional investors only.

The programme will enable HKU to issue medium term notes in multiple currencies and formats, subject to regulatory requirements. Notes issued under the programme may be listed on The Stock Exchange of Hong Kong and are offered to professional investors only.

Funds raised through the programme will be used by HKU for financing capital projects and/or the purchase of property, plant and equipment.

Partner Mark Chan led the transaction, supported by senior associates Louis Yee, George Mok and Christine Chan, as well as trainee solicitors Kristy Lam and Ainsley Lai.

The arrangers for the programme are HSBC and DBS. The dealers are Bank of China (Hong Kong), BNP Paribas, CMB Wing Lung Bank, Crédit Agricole CIB, ICBC (Asia), Mizuho Securities, OCBC, Standard Chartered and UBS.

This transaction builds on the firm's track record in advising on debt capital markets transactions for public sector and quasi-public issuers in Hong Kong. Earlier this year, the firm advised the West Kowloon Cultural District Authority on the establishment of its US$1 billion MTN programme. The firm had also previously advised The Hong Kong Mortgage Corporation on its HK$25.3 billion bond issuance and the Urban Renewal Authority on its HK$12 billion bond issuance.