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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook