China Development Bank issues bonds to support green infrastructure

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China Development Bank, one of the countrys policy banks, has issued 12 billion yuan (about 1.69 billion U.S. dollars) of green bonds to boost the green transformation of infrastructure.

It is estimated that these projects could help cut carbon dioxide emissions by around 59,200 tonnes and reduce standard coal consumption by 29,500 tonnes per year.

So r, the bank has issued green financial bonds with a total value of about – billion yuan.

Photo/Zhang Jian (NBD)

Raised funds will go towards green projects, including the urban environmental infrastructure and the construction and operation of the urban and rural public transportation system.

With a three-year maturity and an interest rate of 2.11 percent, the bonds were issued in the interbank bond market. The subscription ratio reached 4.41 times.