CDB Issues RMB 5 Billion Green Bond to Advance Carbon Neutrality
On November 15, China Development Bank (CDB) issued a three-year RMB 5 billion green financial bond via the Shanghai Clearing House, with a coupon rate of 1.35%. Attracting strong demand from global investors, the bond achieved an oversubscription ratio of 2.64 times. This issuance brings CDB's cumulative green bond volume to RMB 199 billion.
The proceeds will support key projects such as carbon sink forests, solar energy infrastructure, water pollution management, and urban public transport systems, adhering to the 2021 Green Bond Endorsed Projects Catalogue and China Green Bond Principles. These projects are expected to reduce annual CO2 emissions by 670,300 tonsand save 244,300 tons of standard coal.
Gu Zhonghui, Deputy General Manager of CDB's Finance Department, emphasized the bank's commitment to its mission, stating that CDB will continue enhancing its green finance services to support China's carbon neutrality goals.
This bond highlights China's growing green finance ecosystem and its appeal to global investors seeking sustainable investment opportunities.
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