Shanghai Rural Commercial Bank to launch its first OTC green bond

Shanghai Rural Commercial Bank will officially launch the first tranche of green bond of China Development Bank in 2019 which is the first green bond of sustainable development under Bond Connect scheme and also is the debut of sustainable development bond in the over-the-counter (OTC) market.

Shanghai Rural Commercial Bank will officially launch the first tranche of green bond of China Development Bank in 2019 which is the first green bond of sustainable development under Bond Connect scheme and also is the debut of sustainable development bond in the over-the-counter (OTC) market.

This issuance is a three-year bond with fixed interest rate and investors can subscribe via Shanghai Rural Commercial Bank’s offices/branches in Shanghai and electronic channels.

Funds raised during this period will be used for Chongqing’s Eco-forestry Construction and National Forest Reserve strategies to support green projects of Yangtze River protection and green development.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/shanghai-rural-commercial-bank-to-launch-its-first-otc-green-bond/.

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