Ashurst acts for Mizuho Bank on USD$200 million green loan facility to BoCom Leasing Hong Kong

The syndicate of lenders was made up of 12 banks, including Mizuho, Cathay United Bank, China Construction Bank (Asia), The Korea Development Bank, KDB Asia Limited, OCBC Wing Hang Bank, Shanghai Pudong Development Bank (acting through its Hong Kong branch), KGI Bank and various banks from Japan, Korea, Taiwan and Indonesia. The Borrower will be required to use the loan proceeds in accordance with its green finance framework as certified by the Hong Kong Quality Assurance Agency. 

BoCom Leasing Hong Kong is the primary offshore platform wholly owned by BoCom Leasing. BoCom Leasing is the second largest financial leasing company in China by managed assets, while BoCom is China's fifth largest state-owned commercial bank.

The Ashurst team was led by partner Eric Tan, supported by partner Patrick Phua, counsel Yolanda Liu, associates Longman Hu and Phoebe Chen, and trainee solicitor Aaron Long.