Agricultural Development Bank issued RMB2 billion environmental protection bond

The Agricultural Development Bank of China has recently issued a two-year “Two Mountains” ecological and environmental-themed financial bonds to global investors through public bidding, with an issuance rate of 1.649% and a subscription rate of 10.03 times, which has been enthusiastically sought by investors.

The Agricultural Development Bank of China has recently issued a two-year “Two Mountains” ecological and environmental-themed financial bonds to global investors through public bidding, with an issuance rate of 1.649% and a subscription rate of 10.03 times, which has been enthusiastically sought by investors.

According to the person in charge of the Agricultural Development Bank, the funds raised for the issuance of the “Two Mountains” bonds are mainly used to support key areas related to the construction of ecological civilization.

As of the end of the first quarter of this year, the green credit balance of the bank reached 659 billion yuan, mainly on ecological environment, energy conservation and environmental protection, green infrastructure upgrades, and the cleaning industry.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/27/agricultural-development-bank-issued-rmb2-billion-environmental-protection-bond/.

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