News

Financial Services

Staff Reporter

, Hong Kong

Published:

2 years ago

213 views

Donald Lam, Head of Commercial Banking of Hang Seng Bank (middle); Samuel Leung, Group Chairman of Leo Paper Group (second right); Jenny Yuen, Head of Global Trade and Receivables Finance of Hang Seng Bank (second left); Angus Wong, Head of Corporate Banking of Hang Seng Bank (first left) and King Lai, Group CFO of Leo Paper Group (first right).

Hang Seng issues $100-m green trade facility for Leo Paper

This marks the first green trade facility for Hong Kong’s paper and printing industry.

Hang Seng Bank has issued a $100m green trade facility for Leo Paper Group to support the company’s green supply chain network expansion and enhancement of its capital flexibility.

The facility will be used to purchase materials from a range of suppliers that are Forestry Stewardship Council certified.

In developing the green facility, Hang Seng said it worked closely with the paper company to fully understand its trade finance needs and the environmental performance required of its suppliers.

The financing arrangement was assessed by SGS Hong Kong, an independent external reviewer.

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