BOC makes waves with first blue bond

By Morgan Davis
15 Sep 2020

Bank of China printed Asia’s first blue bond on Monday, with plans to use the roughly $940m raised to benefit ocean-related sustainability projects.

BOC’s blue bond is the fourth to be sold globally, following the Seychelles, the Nordic Investment Bank and the World Bank’s blue deals. BOC’s transaction, split between a $500m bond and a Rmb3bn ($440m) dim sum, is also the first to be sold by a commercial bank, paving ...

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