A release by Citi today announced that the bank achieved a record-breaking raise in Asia of $26.47 billion in sustainable financing within the first half of 2021. This represents an increase of 400% on what it achieved during the same period last year.
The top regions leading the firm's sustainable transactions by deal value were China, South Korea and Japan, accounting for over 80% of total activity.
The biggest issuance within the period was Alibaba Group's $5 billion four-part global offering in February, which included a sustainability tranche with a 20 year tenor, to finance new or refinance existing projects.
The second largest deal...
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