HK Electric Finance launches $5bn medium-term note programme

Hongkong Electric Finance Limited (HKEX:2638), a subsidiary of The Hongkong Electric Company, Limited, has published an offering circular for its U.S.$5,000,000,000 medium-term note programme. The notes, unconditionally and irrevocably guaranteed by The Hongkong Electric Company, are intended for purchase by professional investors only and will be listed on the Hong Kong Stock Exchange. The programme allows the Issuer to issue notes in various currencies, with the maximum aggregate nominal amount not exceeding U.S.$5,000,000,000. HSBC is the arranger for the programme, which includes dealers such as ANZ, Barclays, Bank of China (Hong Kong), BNP Paribas, BofA Securities, Citigroup, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs (Asia) L.L.C., Mizuho, Standard Chartered Bank, Morgan Stanley and UBS. The announcement clarifies that the offering circular and the announcement do not constitute a prospectus or an invitation to the public and are not an inducement to subscribe.