Yingquan Rurual Commercial Bank issues RMB200m green bonds

On December 9, Yingquan Rurual Commercial Bank issued 200 million yuan of 2019 green financial bonds, which is the first green financial bond in Anhui’s rural commercial banks. Anhui Guozhen Ecological Science and Technology Co., Ltd. is one of the beneficiaries of Yingquan Rurual Commercial Bank’s green-credit innovation.

On December 9, Yingquan Rurual Commercial Bank issued 200 million yuan of 2019 green financial bonds, which is the first green financial bond in Anhui’s rural commercial banks.

Anhui Guozhen Ecological Science and Technology Co., Ltd. is one of the beneficiaries of Yingquan Rurual Commercial Bank’s green-credit innovation.

Guozhen’s biomass cogeneration project is expected to save about 57,400 tons of standard coal and reduce carbon dioxide emissions by about 141,200 tons per year, while a central heating project in Chengnan New Area is expected to save about 87,200 tons of standard coal and reduce carbon dioxide emissions by about 214,600 tons per year.

Both projects are supported by green bonds.

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/yingquan-rurual-commercial-bank-issues-rmb200m-green-bonds/.

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