On January 19, the China Development Bank issued a 15 billion yuan "Bond Connect" green financial bond in the national interbank bond market to global investors. So far, the China Development Bank has issued a total of 120 billion yuan of green financial bonds, with a balance of 110 billion yuan, ranking first in the market.
This is the headquarters building of the New Development Bank in the Expo Park of Shanghai's Pudong New Area (drone photo taken on September 28, 2021). Data chart Courtesy of Xinhua News Agency
It is reported that the issuance period of the special bonds in this issue is 5 years, the coupon rate is 2.45%, and the subscription multiple of various investors at home and abroad is 3.36 times. At the same time, the bond will also be sold to the public through the over-the-counter organizer. The funds raised by the bonds will serve the green upgrading projects of urban rail transit and other infrastructure, focusing on supporting the improvement of the public transportation system in Guangdong, Jiangsu, Zhejiang, Shandong, Shaanxi, Fujian, Jilin, Heilongjiang and other provinces.
According to the China Development Bank, the selection standards for the bond issuance and investment projects are strict, the quality is high, the environmental and social benefits are obvious, and they all meet the domestic and foreign standards such as the "Green Bond Support Project Catalog", "Green Bond Principles", "Climate Bond Standards", and have obtained the independent assessment certification of third-party institutions and the labeling certification of the International Climate Bond Initiative, and the green grade is G1.
It is estimated that after the completion of the relevant projects, it is expected to achieve an annual reduction of 19,600 tons of carbon dioxide emissions, 09,700 tons of standard coal, 47.91 tons of nitrogen oxides, and 0.90 tons of inhalable particulate matter, which will effectively improve the green development level of the transportation system.
The relevant person in charge of the capital department of the China Development Bank said that in the next step, the development bank will continue to play the role of development finance, continuously enrich the variety of green financial bonds, further improve the yield curve of green bonds, actively promote the interconnection and high-quality development of the bond market, and help further enhance the ability of the bond market to serve green development.
(Original title: China Development Bank issues 15 billion yuan of green financial bonds)
Source: Beijing Daily Client | Reporter Yang Tianyue
Process Edit: u010
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