Industrial Bank uses blue, Covid labels for bond return

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By Morgan Davis
02 Nov 2020

Industrial Bank Co has locked up more than $800m-equivalent from an international bond sale earmarked for green and social projects.

The dual-currency transaction sold last Friday featured a dollar and a Hong Kong dollar portion.

The dollar tranche, which was the Chinese bank’s first dollar bond since November 2018, was labelled blue, with the proceeds to be used for water and marine related assets under the ...

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