By Marisa Wong
Morgantown, W.Va., Oct. 30 – Bank of Communications Co., Ltd. said it issued RMB 20 billion of green bonds in China’s interbank bond market on Monday.
The three-year bonds carry a fixed coupon of 4.29%. The bonds were priced at par.
Proceeds will be used for loans to be granted to green industry projects, as previously announced.
Bank of Communications is based in Shanghai.
| Issuer: | Bank of Communications Co., Ltd.
|
| Issue: | Green financial bonds
|
| Amount: | RMB 20 billion
|
| Maturity: | Three years
|
| Coupon: | 4.29%
|
| Price: | Par of RMB 100
|
| Yield: | 4.29%
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 30
|
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