China Construction Bank to list maiden RMB2 billion transition bond on SGX

Amala Balakrishner
Amala Balakrishner4/16/2021 12:26 PM GMT+08  • 2 min read
China Construction Bank to list maiden RMB2 billion transition bond on SGX
A RMB2 billion 2-year senior transition bond from the China Construction Bank is set to be listed on the SGX and HKEX on Apr 22
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

A RMB2 billion ($0.41 billion) 2-year senior transition bond from the China Construction Bank (CCB) is set to be listed on the Singapore and Hong Kong stock exchanges on April 22.

This bond, which has a focus on environment, social and corporate governance (ESG), will support transition projects in traditional, carbon-intensive industries in their decarbonisation efforts.

The funds generated from the bond will go towards projects that contribute to China’s goals for carbon emissions to peak by 2030 and to attain carbon neutrality by 2060, CCB details in its April 16 announcement.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.