Geely sprays London's black cabs with green bond

Chinese car firm takes green bond market to new stage of development with an inaugural bond financing the development of an environmentally friendly black cab.
Xi Jinping spied at iconic London carriage
Xi Jinping spied at iconic London carriage

Zhejiang Geely Holdings became the first Chinese car company to issue green bonds on Thursday, raising $400 million for a deal that finances its development of an environmentally friendly black cab in London.

The electrification of the global auto industry makes companies like Geely the perfect vehicle to further the development of a green bond market, which has been slow to get off the ground in Asia.

Earlier this week, FinanceAsia's inaugural Bond Investor Survey highlighted growing investor interest in the  product.

A poll of 150 global fixed-income heads revealed that 55% expect to invest in green bonds within...

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