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China’s Bank of Qingdao gets go-ahead for RMB 8 billion green bonds
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Bank of Qingdao Co., Ltd. said it recently received approval from the People’s Bank of China to issue up to RMB 8 billion of green financial bonds in China’s interbank bond market.
In December the bank announced plans to issue up to RMB 20 billion of non-capital financial bonds in several tranches during the period from 2016 to 2017.
The bonds may include ordinary financial bonds, special bonds for small and micro businesses and green bonds, as previously noted.
Maturities will not exceed 10 years.
The bank is based in Qingdao, China.
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