Document background
The Note And Deed of Trust is a fundamental document in debt capital markets transactions under Hong Kong law, typically used when an entity wishes to issue debt securities with a trustee structure. It serves multiple purposes: documenting the terms of the debt instruments (notes), establishing the trust arrangement for the benefit of noteholders, and setting out the mechanisms for administration and enforcement. This document is particularly relevant in Hong Kong's sophisticated financial markets, where trust structures are commonly used to protect noteholders' interests in both listed and unlisted debt issuances. The document must comply with Hong Kong's Securities and Futures Ordinance, Trustee Ordinance, and other relevant financial regulations. It's especially useful for medium to large-scale debt issuances where multiple investors are expected and a trustee structure is preferred for efficient administration and enforcement.
