Cifi sells inaugural green bond

Money_House_AdobeStock_575x375_18Feb20
By Morgan Davis
14 Jul 2020

Cifi Holdings (Group) Co sold its first green bond on Monday, raising $300m from a deal that received $2.25bn of investor order at its peak.

The Ba3/BB/BB rated Chinese borrower, an investment holding company focused on the property sector, was recently given a $1.44bn offshore issuance quota.

Cifi decided to use a green label for its new transaction as it wants to refinance a $300m syndicated loan due in September, which ...

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