Asia's best bank for sustainable finance 2020: HSBC
Awards for Excellence 2020
The list of deals from 2019 and 2020 – green bonds, social bonds, sustainability bonds and ESG-linked loans – goes on and on for HSBC in Asia under Jonathan Drew, managing director, sustainable finance.
It is the go-to bank for the financing of renewables and for those looking to transition to a less carbon-intensive future. HSBC also pushes scalable innovation in sustainability in a way that perhaps no other bank does.
There were many firsts for the bank over the awards period. It was a bookrunner on the first-ever sustainable bond printed by the Republic of Korea and on the inaugural sustainability-linked loan issued in Asia’s hospitality sector, by Langham Hospitality Investments.
But perhaps the innovative deals that the bank will be best known for this year are its Covid-19 recovery bonds.
The first coronavirus-linked bond issued by a corporate institution came from Bank of China’s Macau branch, a dual-tranche print with the proceeds allocated to local SMEs. HSBC was joint bookrunner and joint lead manager on the deal.