News Column

First CNY Green Bonds Offered in London

June 18, 2014

BEIJING, June 18, SinoCast -- First CNY denominated green bonds have been offered in London by International Finance Corporation (IFC) under World Bank, taking a further step for CNY globalization. IFC is responsible for supporting private sector of developing entities.

The three-year green bonds total CNY 500 million or USD 81 million, with a coupon rate of 2%, with HSBC acting as lead underwriter.

Green bonds aimed to finance money for environmental protection, used for renewable energy and energy efficiency projects situated in developing entities.

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Source: Sinocast Banking & Credit Beat (China)

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