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Asia BondsFIG BondsAsia - FIG - Senior Debt

Industrial Bank sells first offshore carbon neutrality bond

China factory carbon CO2_adobe_575px_11Feb21

Industrial Bank has sold a dual-currency deal through its Hong Kong branch, becoming the first Chinese lender to print an offshore ‘carbon neutrality bond’. It relied heavily on support from a 42-member syndicate team, as well as its relative rarity in the international debt market, to nab around $922m.

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