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- European investors take 70% of ICBC’s three-year USD and EUR tranches
- Bond split into three tranches: EUR 1.1 billion, USD 450 million and USD 400 million; the EUR-denominated one is the largest green issuance by a Chinese bank ever
- ICBC representatives visited the Luxembourg Stock Exchange (LuxSE) for a “ring the bell” ceremony
The climate bond marks the first issuance dedicated to green projects following the “Belt and Road Initiative” (BRI) ever. It will support projects in China’s domestic provinces and in foreign countries key to the BRI initiative. This marks the first issuance by the Industrial and Commercial Bank of China (ICBC) out of its green bond framework. Raised proceeds will finance and refinance...
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