ICBC London mandates for green loan in first for Chinese banks

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By Mike Turner
18 Jun 2019

ICBC has mandated banks to arrange an up to $400m-equivalent green loan for its London branch, in what the borrower has labelled the first ever deal for a Chinese bank that follows the Green Loan Principles.

BNP Paribas and HSBC are joint green coordinators and mandated lead arrangers for the three year facility.

The loan will be denominated in sterling and dollars.

The syndication timeline is still to be decided, according to a source close to the transaction.

ICBC London will use the ...

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