Johnson Stokes & Master (JSM) acted for a syndicate of lenders led by Bank of China (Hong Kong) Limited, DBS Bank Hong Kong, Hang Seng Bank Limited and The Hongkong and Shanghai Banking Corporation Limited* as the mandated lead arrangers and bookrunners in Chinachem Group’s (CCG) triple-themed syndicated loan.
This transaction represents a significant milestone for CCG as it is the first syndicated loan in Asia in recent years to incorporate green, social and sustainability-linked components. With the successful close of its HK$8 billion facility, CCG has set a bold precedent in sustainable finance. The landmark deal was oversubscribed by over 2.5 times the initial target, ultimately securing backing from 12 leading international, regional and local banks, which highlights strong investor confidence in CCG’s financial strength and leadership.
This transaction highlights JSM’s unwavering commitment to responsible investment, the development of innovative financial structures, and the pursuit of a more resilient and sustainable future. It also underscores our client’s trust and confidence in JSM’s capabilities.
The JSM team was led by Banking and Finance partner Francis Chen and supported by associate Bess Chung.
*The names are arranged in alphabetical order.
