echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > ICBC issues the largest green bond ever recorded by the London Stock Exchange

    ICBC issues the largest green bond ever recorded by the London Stock Exchange

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Industrial and Commercial Bank of China Limited London Branch issued US$1.
    58 billion equivalent green bonds
    on the International Securities Market (ISM).
    ISM is the green bond arm
    of the London Stock Exchange Group.

    ICBC issues the largest green bond ever recorded by the London Stock Exchange

    This is the largest ever green bond issuance
    on the London Stock Exchange.
    ICBC London Branch is also ISM's first Chinese issuer
    .

    A total of 78 green bonds were listed on the London Stock Exchange, raising more than US$24.
    5 billion.

    ICBC London's green bonds include three floating rates, US$500 million in three-year USD bonds, US$500 million in five-year USD bonds, and EUR 500 million in three-year Eurobonds
    .

    The funds will be used for green asset financing under ICBC's Green Bond framework, including renewable energy, energy efficiency, low-carbon transport, sustainable water and wastewater management
    .

    "ICBC's record issuance and London listing are an increasingly visible indication of green finance opportunities for large institutional investors, from China to all of Asia
    as emerging economies address climate change, green infrastructure and sustainability challenges.
    " Sean Kidney, CEO of the Climate Bonds Initiative, said
    .

    Industrial and Commercial Bank of China Limited London Branch issued US$1.
    58 billion equivalent green bonds
    on the International Securities Market (ISM).
    ISM is the green bond arm
    of the London Stock Exchange Group.

    Green bonds

    ICBC issues the largest green bond ever recorded by the London Stock Exchange

    ICBC issues the largest green bond ever recorded by the London Stock Exchange

    This is the largest ever green bond issuance
    on the London Stock Exchange.
    ICBC London Branch is also ISM's first Chinese issuer
    .

    A total of 78 green bonds were listed on the London Stock Exchange, raising more than US$24.
    5 billion.

    ICBC London's green bonds include three floating rates, US$500 million in three-year USD bonds, US$500 million in five-year USD bonds, and EUR 500 million in three-year Eurobonds
    .

    The funds will be used for green asset financing under ICBC's Green Bond framework, including renewable energy, energy efficiency, low-carbon transport, sustainable water and wastewater management
    .

    "ICBC's record issuance and London listing are an increasingly visible indication of green finance opportunities for large institutional investors, from China to all of Asia
    as emerging economies address climate change, green infrastructure and sustainability challenges.
    " Sean Kidney, CEO of the Climate Bonds Initiative, said
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.