BEIJING, March 18, 2021 /PRNewswire/ — China Worldwide Capital Company (CICC, 03908.HK, 601995.SH) acted because the lead underwriter for China’s first inexperienced monetary bond issued by China Growth Financial institution (CDB), China’s prime coverage financial institution. This 3-year bond, with an issuance dimension of 20bn Yuan and a coupon charge of three.07%, was supplied to international traders via Bond Join scheme as we speak.
This bond is the primary “carbon impartial” inexperienced bond licensed by the Local weather Bonds Initiative (CBI). It is going to even be the biggest inexperienced bond issued devoted to serving to obtain carbon peaking and carbon neutrality targets. The proceeds of the bond will probably be utilized in renewable power tasks together with wind energy and photo voltaic power in an effort to advertise de-carbonization within the energy system and transformation of the power trade. Taking the main position within the issuance of CDB’s inexperienced bond is a vital milestone for CICC not solely to contribute its experience in monetary market but additionally to meet its social accountability to the environmental safety.
Shanghai Clearing Home will embody this bond as a major constituent in its newly-launched Carbon Impartial Bond Index, which serves as a essential reference for home and worldwide traders. CICC hopes that the issuance will showcase China’s inexperienced insurance policies and monetary merchandise to the worldwide traders and appeal to international participation in China’s inexperienced market.
As a number one participant in China’s monetary market, CICC has efficiently underwritten 4 issuances of inexperienced bonds YTD and various landmark offers in recent times, together with the primary transition bond (Financial institution of China Hong Kong Department, 2021), the primary actual property inexperienced bond (Longfor Chongqing Enterprise Growth, 2017) and the primary monetary inexperienced bond (Shanghai Pudong Growth Financial institution, 2016).
China Worldwide Capital Company Restricted (CICC, 03908.HK, 601995.SH) is a prime tier funding financial institution, based in China in 1995, offering first-class monetary companies to corporates, establishments and people worldwide. As the primary worldwide joint-venture funding financial institution in China, CICC performs a singular position to help China’s financial reforms and liberalization via offering complete one-stop home, abroad, and cross-border monetary companies together with funding banking, equities, FICC, analysis, non-public fairness, asset administration and wealth administration. Headquartered in Beijing, CICC has over 200 branches in Mainland China, Hong Kong, Singapore, New York, London, San Francisco, Frankfurt and Tokyo.
For extra details about CICC, please go to www.cicc.com
SOURCE China Worldwide Capital Company Restricted