By Mary-Katherine Stinson
Lexington, Ky., Dec. 9 – Chongqing Rural Commercial Bank Co., Ltd. sold RMB 200 billion 3% green financial bonds in what is a planned multitranche offering, according to a notice Friday.
The first tranche issued are fixed-rate bonds with a three-year tenor.
People’s Bank of China has given approval for Chongqing to issue a multitranche offering of green financial bonds of not more than RMB 3 billion in the Chinese interbank bond market.
All proceeds will be used for green industry projects specified in the Green Bond Endorsed Project Catalogue formulated by the Green Finance Committee of China Society for Finance and Banking.
The bank is based in Chongqing, China.
| Issuer: | Chongqing Rural Commercial Bank Co., Ltd.
|
| Issue: | Green financial bonds
|
| Amount: | RMB 200 billion
|
| Maturity: | Three years
|
| Coupon: | 3%
|
| Pricing date: | Dec. 6
|
| Issue date: | Dec. 8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
