China issued USD14.5 billion green bonds in third quarter, with low carbon transportation as hottest area

Chinese green bonds issued more than 104.3 billion yuan ($14.5 billion) in green bonds during the third quarter compared with 2018, according to a Chinese bond report on 19th by the Climate Bonds Initiative released in 19th.

Chinese green bonds issued more than 104.3 billion yuan ($14.5 billion) in green bonds during the third quarter compared with 2018, according to a Chinese bond report on 19th by the Climate Bonds Initiative released in 19th.

Of these, 15 bonds totalling about $2.1 billion were pending, representing 15% in total issuance in the third quarter.

According to the report, transportation sector reached 46% in sales in the third quarter as the largest source of funding for funding defined by CBI. Water accounts for 22% and renewable energy 20%. Low carbon transportation is the largest investment field.

With the efforts of Industrial Bank and China China Zheshang Bank, commercial banks issued more than 50% issues for financing projects financing in transportation fields.

Other issuers include regional rail and urban public transport companies such as Sichuan Railway Investment Group and Wuhan Metro Group.

Reports indicate that the biggest issuance of pending bonds in the quarter came from China Yangtze Gorges Group Ltd ($3.5 billion, total about $510 million).

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/china-issued-usd14-5-billion-green-bonds-in-third-quarter-with-low-carbon-transportation-as-hottest-area/.

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