BOC dives deeper into sustainability with blue bond

By Morgan Davis
17 Sep 2020

Bank of China took yet another step this week to build China’s sustainability market by selling Asia’s first blue bond to benefit ocean-related projects — opening the door for similar deals from the region. Morgan Davis reports.

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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