China Launches Up to $885M Green Bond Sale in Hong Kong
China to Raise Up to $885M via Green Bond Sale in Hong Kong
China has launched a sale of up to 6 billion yuan ($885.1 million) in three-year and five-year yuan-denominated green bonds in Hong Kong, according to a term sheet and note seen by Reuters on Thursday. The bonds are expected to price as early as Thursday and settle on June 4.
Bond Details
Initial price guidance was set around 1.85% for the three-year bond and around 2.00% for the five-year bond. The proceeds will fund or refinance green spending from China's fiscal budget under its sovereign green bond framework.
Joint Lead Managers
Bank of China, Bank of Communications, Barclays, China International Capital Corp., CITIC Securities, Credit Agricole CIB, HSBC, ICBC, and Standard Chartered are joint lead managers and joint bookrunners.
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