CMB paves Greater Bay Area green

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By Morgan Davis
03 Sep 2020

China Merchants Bank (CMB) sold its first green bond on Wednesday, taking $800m on the back of support from sustainability-focused investors.

CMB’s green bond, which was sold through its Hong Kong branch, was focused on low-carbon transportation. The proceeds will be used to finance and/or refinance loans under the bank’s green, social and sustainability framework.

In particular, it will focus on the development of green urban transportation in ...

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