China’s Bank of Zhengzhou plans up to RMB 5 billion of green bonds

By Marisa Wong

Morgantown, W.Va., March 28 – Bank of Zhengzhou Co., Ltd. said it plans to issue up to RMB 5 billion of green financial bonds in one or more tranches.

The fixed-rate bonds will have maturities of three or five years.

The bonds may be issued through a book-building process or through the People’s Bank of China issue system.

Proceeds will be used for green industry projects.

The bonds are subject to shareholders’ approval.

The bank is based in Zhengzhou, China.

© 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.