TAIPEI, July 4, 2025 /PRNewswire/ — Cathay United Bank Hong Kong Branch (CUBHK) received two significant accolades at the Triple A Sustainable Infrastructure Awards 2025 held by The Asset in Singapore on July 2. Leveraging its extensive experience in green finance, CUBHK was awarded the Water Deal of the Year for extending a sustainability-linked loan (SLL) to Silver Dragon Water Supply Group and the Telecom Refinancing Deal of the Year for an SLL deal with Hong Kong Broadband Network. These recognitions affirm Cathay United Bank’s outstanding performance and leadership in global sustainable finance and infrastructure development.
“In both award-winning sustainability-linked loans, CUBHK played crucial roles as the mandated lead arranger, bookrunner, and lead underwriter. This marks the first time CUBHK takes home two major accolades at the Triple A Sustainable Infrastructure Awards, and stands as international recognition of Cathay United Bank’s outstanding dedication in the green finance sector,” said Eric Liu, Chief Executive of CUBHK. “The SLL amounts in the first quarter of this year doubled compared to the same period last year. Looking ahead, we plan to further enhance the loan business to create more diverse ESG financing solutions. Our goal is not only to precisely meet client needs but also to expedite the transition to a low-carbon economy,” the Chief Executive added.
For the Water Deal of the Year award, CUBHK acted as the mandated lead arranger for the sustainability-linked loan to Silver Dragon Water Supply Group. The Branch also partnered with the Hong Kong Quality Assurance Agency (HKQAA)[1] to establish Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) for the loan. Through extensive discussions, the three parties determined three actionable KPIs for the loan. In 2024, this SLL deal received the Outstanding Award for Green and Sustainable Loan Structuring Advisor (Water Supplies Industry) at the HKQAA’s Hong Kong Green and Sustainable Finance Awards.
The Telecom Refinancing Deal of the Year award highlights CUBHK’s bespoke sustainability-linked loan to Hong Kong Broadband Network. This landmark deal, tailored by CUBHK for the client, garnered strong market interest, attracting an oversubscription that increased the loan amount from an initial HKD 5.25 billion to an impressive HKD 6.75 billion – setting a strong precedent for sustainable transformation within Hong Kong’s telecommunications sector and demonstrating Cathay United Bank’s professionalism and influence in the Hong Kong financial market.
Keeping up with industry trends and the global economic landscape, Cathay United Bank has received numerous international accolades for its efforts to advance both domestic and international syndicated loan markets. Moving forward, Cathay United Bank will continue to build an ever-expanding Asian financial services network by enhancing service efficiency and expanding product offerings, aiming to become the primary financial strategic partner for clients in the Asian market.
Chief Executive Eric Liu accepted two awards on behalf of CUBHK at the Triple A Sustainable Infrastructure Awards 2025, underscoring Cathay United Bank’s exceptional performance in global sustainable finance and infrastructure development.
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[1]Established in 1989 as a non-profit-distributing organization by the Hong Kong Government, the Hong Kong Quality Assurance Agency (HKQAA) is dedicated to promoting good management practices and helping industries in the development of quality, sustainable, and responsible investments. |
