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China’s Bank of Communications plans up to RMB 30 billion green bonds
By Marisa Wong
Morgantown, W.Va., Oct. 12 – Bank of Communications Co., Ltd. said it plans to issue up to RMB 30 billion of green financial bonds in China’s interbank bond market.
The bank recently obtained approval for the issuance from the China Banking Regulatory Commission and the People’s Bank of China.
Proceeds will be used for loans to be granted to green industry projects.
Bank of Communications is based in Shanghai.
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