RMB44.1 billion green bonds issued in Q1, mainly on clean transportation and energy

In the first quarter, a total of 47 issuers of China issued 47 green bonds with a scale of 44.13 billion yuan, according to a recent report issued by China Lianhe Credit Rating.
The number of green bond issuers has increased compared with the previous quarter, the number and the scale of issuances have decreased compared with the previous quarter, while the number and scale of issuances and the n

In the first quarter, a total of 47 issuers of China issued 47 green bonds with a scale of 44.13 billion yuan, according to a recent report issued by China Lianhe Credit Rating.

The number of green bond issuers has increased compared with the previous quarter, the number and the scale of issuances have decreased compared with the previous quarter, while the number and scale of issuances and the number of issuers have all increased compared with the same period last year.

Six new green asset-backed securities were issued, with an issuance scale of 7.029 billion yuan. Among them, private equity bonds accounted for the largest number of issuances, and medium-term notes have the largest issuance scale.

In terms of different regions, in the first quarter of 2020, Jiangsu Province had the largest number of green bonds.

In terms of issuer types, green bond issuers are mainly state-owned enterprises, which are mainly in construction and engineering, road and rail transportation and other industries.

The funds raised from green bonds are mainly invested in the fields of clean transportation, clean energy and pollution prevention.

In the first quarter of 2020, newly issued green bonds showed a clear advantage in cost.

The rates of the top ten bonds with the biggest cost advantages are 30-270BP lower than comparable bonds.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/26/rmb44-1-billion-green-bonds-issued-in-q1-mainly-on-clean-transportation-and-energy/.

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