07 September 2020

King & Wood Mallesons advises on the first syndicated green loan facility by Chinese banks in London

On 28 August 2020, Bank of Communications London Branch (“BoCoM London”), Agricultural Bank of China London Branch, China CITIC Bank London Branch, Shanghai Pudong Development Bank (“SPDB”) and its Hong Kong and London Branches as mandated lead arrangers and original lenders successfully achieved the first drawdown of a USD300 million syndicated green loan facility for Bocom Leasing Management Hong Kong Company Limited (“Bocom Leasing HK”). SPDB (through its Hong Kong Branch) also served as the green finance structuring advisor for this transaction.

The closing of the deal marks another breakthrough in the development of Chinese financial institutions in the London market. The deal represents the first European syndicated green loan led by BoCoM London and the London branches of some other Chinese banks and arranged for Bocom Leasing HK. The loan syndication also lays a foundation for the further development of participants in the European green finance area.

King & Wood Mallesons (“KWM”) London acted as the English, Hong Kong and PRC counsel to the members of the syndicate. Despite the COVID-19 outbreak, the KWM team managed to promptly deploy its global platform resources and provided one-stop legal services for the clients, facilitating the closing of the deal.

The London-based lead partner Joe Su advised on the English law and Hong Kong law matters in this transaction and the Beijing-based partner Lv Yinghao advised on the PRC law issues. The other team members included Rosanna Munoz-Britton (London), Jin Jing (Beijing), Jennifer Reyes Au (London), and Huang Zelin (Haikou).

*Any reference to Hong Kong, Macao or Taiwan shall be construed as a reference to Hong Kong Special Administrative Region, Macao Special Administrative Region or the Taiwan region of the People’s Republic of China; and any reference to Hong Kong, Macao or Taiwan residents shall be constructed as a reference to the PRC citizens from Hong Kong Special Administrative Region or Macao Special Administrative Region or to the residents from the Taiwan region who are employed, live or study in the Mainland China.

Media Contacts

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    KWM London advised SPARK Advisory Partners Limited (Nomad), Peterhouse Capital Limited (Joint Broker) and Pello Capital Limited (Joint Broker) on Cornerstone FS plc’s listing on AIM

    08 April 2021

    KWM has advised Hony Capital, a leading Chinese private equity firm, in relation to the restructuring of the PizzaExpress Group and carve-out of the Group’s China business

    05 November 2020

    Congratulations to our London Dispute Resolution team for Legal 500 UK 2021 rankings.

    01 October 2020

    In the coming years, Southeast Asia and particularly Singapore will present significant opportunities for UK tech start-ups

    24 August 2020

    Legal services for your business

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.