Toll securitization shows how to tap retail demand

The Hong Kong government recently completed Asia''s first asset-backed deal sold to retail buyers. Clifford Chance lawyers examine how the transaction was structured.

The Hong Kong Link deal, the government's securitization of toll revenues generated by five tunnels and a bridge, is unparalleled in Asia .

This is the first Asian securitization of sovereign assets, the first public Asian securitization of infrastructure, the region's first securitization to be offered to retail investors, the first asset-backed transaction to be listed on the Stock Exchange of Hong Kong Limited SEHK for some years, and the first public debt offering in Hong...

To continue reading, please login or register for free

Click for more on: toll | securitization | shows | tap | retail | demand

Print Edition

FinanceAsia Print Edition

CONFERENCES