ICBC achieves size and price with Greater Bay Area green bond

By Addison Gong
10 Sep 2019

Industrial and Commercial Bank of China has priced $3.15bn of green bonds in US dollars, Hong Kong dollars and offshore renminbi (CNH), achieving a number of firsts in the process.

The deal, sold through ICBC’s Hong Kong branch, is the largest green offshore transaction by a Chinese issuer, and a first so-called ‘Greater Bay Area’ green bond, as the proceeds are earmarked to refinance eligible green assets in the Guangdong-Hong Kong-Macau Greater Bay Area.

The size also ...

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