Chinachem Group Pioneers Asia’s First Triple-Themed Syndicated Loan
Summary
Back row (from left): Winnie Chan, Assistant General Manager, Head of Global Business Division 1, Global Corporate Banking Department of Bank of China (Hong Kong) Limited; Regina Lee, Head of Commercial Banking of Hang Seng Bank Limited; Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group; Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited; Frank Fang, Head of Commercial Banking, Hong Kong & Macau of The Hongkong and Shanghai Banking Corporation Limited; Tracy Pau, Executive Director, Segment Head of Real Estate, Institutional Banking Group of DBS Bank Hong Kong.Chinachem Group ("CCG") announced today the successful closure of an HK$8 billion syndicated loan facility (the Facility), marking its debut syndicated loan and establishing a new benchmark for sustainable finance in Asia. As the regions first syndicated loan to combine green, social and sustainability-linked components, the Facility garnered exceptional market reception, with final commitments from 12 leading international, regional and local banks, oversubscribed by over 2.5 times the initial target.The overwhelming responses reflect CCGs exceptional financial position and strong corporate governance, which secure unwavering support and confidence from our banking partners despite the prevailing cautious market environments and geopolitical tension. With the new financing secured, CCGs financial and liquidity position is further bolstered, enabling it to continue investing, driving growth, and delivering sustainable long-term value.Adding to the enhanced financial strength, the innovative financing structure of the Facility also reinforces CCGs position at the forefront of responsible development while creating a replicable model for aligning financial instruments with sustainable urban transformation.Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited, says, This triple-themed Facility exemplifies our vision of building sustainable legacies where environmental stewardship, social responsibility and financial performance converge. By aligning financing with measurable sustainability outcomes, were institutionalising responsible development at every level of our business.Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group, says, The overwhelming support from our banking partners demonstrates our shared commitment to future-proofing Hong Kongs development. The Facility provides both the capital and accountability framework we need to deliver lasting value for our stakeholders, our communities and our urban environment.The Facility operates under CCGs enhanced Sustainable Finance Framework, fully aligned with the Hong Kong Taxonomy for Sustainable Finance published by the Hong Kong Monetary Authority.The Facility is backed by:5.