ABC in $1b maiden green bond issue

China's fourth-biggest lender makes its market debut, paving the way for more environmental-friendly issuance.

ABC in $1b maiden green bond issue

Agricultural Bank of China, the country's fourth-largest lender by market value, issued its first-ever green bond on Tuesday, raising almost $1 billion as part of a broader Beijing-orchestrated campaign to tackle pollution and promote renewable energy.

Asian issuance of so-called green bonds fixed-income instruments that are sold to help fund environmentally friendly projects  is a fast-growing young market, buoyed mainly by Chinese and Indian companies. Prior to ABC's market debut $2.1...

To continue reading, please login or register for free

Click for more on: bonds | abc | green bonds | agricultural bank of china

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...