On November 20, the China Export-Import Bank made a significant move in the financial market by issuing green financial bonds amounting to 2.5 billion yuan. These bonds were made available in both the interbank and over-the-counter markets and witnessed an overwhelming response, with a total subscription multiple reaching an impressive 6.7 times.
From CNENERGY
On November 20, the China Export-Import Bank made a significant move in the financial market by issuing green financial bonds amounting to 2.5 billion yuan. These bonds were made available in both the interbank and over-the-counter markets and witnessed an overwhelming response, with a total subscription multiple reaching an impressive 6.7 times.
The bank announced that this particular issuance represents its initial and fruitful attempt at exploring diverse methods of issuing green bonds. By simultaneously adopting bidding and quoting procedures in both markets, it was able to address the varying needs and preferences of different investors. Leveraging the strengths of auction and quoted issuances, the bank not only provided efficient, secure, and convenient investment channels but also enhanced the market-oriented pricing mechanism for green bonds and expanded the range of financing options.
Throughout this year, the China Export-Import Bank has been actively engaged in deepening financial innovation services. It has issued a series of themed financial bonds with specific objectives. These include stabilizing the quality of foreign trade, bolstering international cooperation under the Belt and Road Initiative, facilitating high-quality development in Shenzhen's foreign trade sector, and promoting regional development in the Chengdu-Chongqing area.
Looking forward, the bank has set its sights on strengthening diversified and innovative services in the realm of green finance. Guided by the goal of achieving carbon neutrality, it intends to actively contribute to the comprehensive green transformation of economic and social development. This will be achieved through coordinated efforts in carbon reduction, pollution control, greening initiatives, and sustainable growth.