Ningxia’s first green note issued in inter-bank bond market

Guodian Power Ningxia New Energy Development recently issued the first tranche of green asset-backed note (19 Ningxia Xineng ABN001) in the national interbank bond market.

Guodian Power Ningxia New Energy Development recently issued the first tranche of green asset-backed note (19 Ningxia Xineng ABN001) in the national interbank bond market.

This is the first green ABN issued by Ningxia enterprises, which demonstrates that Ningxia enterprises have made a historic breakthrough in green project financing.

According to a representative of the Yinchuan Branch of the People’s Bank of China, The 19 Ningxia Xineng ABN001 is issued as a trust-type ABN issued by Bank of Communications International Trust and the lead underwriter is Bank of Communication, with a planned issuance quota of 560 million yuan.

The subscription ratio of the issuance is 2.55 times, the issue interest rate is 3.9%, and the term is 3 years, which can be repaid in advance during the period.

The issuing interest rate of “19 Ningxia Xineng ABN001” is lower in the same grade bond financing in the same period, and the issuing efficiency is higher.

The representative also said that the Yinchuan branch of the People’s Bank of China will continue to strengthen policy publicity, promotion and guidance, strive to do a good job in the relevant support and various services for bond issuance and financing of non-financial enterprises in Ningxia, and actively implement the new concept of development.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/ningxias-first-green-note-issued-in-inter-bank-bond-market/.

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