First green bond by non-financial enterprises issued in Fujian Province

The first tranche of green notes by Fuzhou Water Affairs Investment And Development Co., Ltd. (19 Fuzhou Water GN001), underwritten by Industrial Bank, was successfully issued in China’s interbank bond market, on July 20, 2019.

The first tranche of green notes by Fuzhou Water Affairs Investment And Development Co., Ltd. (19 Fuzhou Water GN001), underwritten by Industrial Bank, was successfully issued in China’s interbank bond market, on July 20, 2019.

The green notes were registered with an issuance amount of 500 million yuan, the issue period of 5 years, the main credit rating of AA+, and with a coupon rate which is so far the lowest of this year in the same type.

The green notes are the first green bond issued by non-financial enterprises in Fujian Province, and all the funds raised will be used for the construction of water resources-related projects in Fuzhou.

The issuer Fuzhou Water Affairs Investment And Development Co.,Ltd. is a professional enterprise with water supply, drainage and sewage treatment as its main business, and is an important force in promoting the construction of ecological civilization in Fuzhou.

It cooperates with Fuzhou Branch of Industrial Bank, which is China’s first equatorial bank, and China’s first green financial technology service provider and third-party evaluation and certification institution iGreenBank (Beijing), to make innovative use of green financial instruments.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/08/first-green-bond-by-non-financial-enterprises-issued-in-fujian-province/.

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