By Marisa Wong
Morgantown, W.Va., Sept. 7 – Bank of Zhengzhou Co., Ltd. said it issued RMB 3 billion of 4.7% three-year green bonds on Thursday.
This is the company’s first phase of green financial bonds for 2017, according to a company announcement. In March 2016 the company announced plans to issue up to RMB 5 billion of green financial bonds in one or more tranches with maturities of three or five years.
Proceeds will be used for green industry projects.
The bank is based in Zhengzhou, China.
| Issuer: | Bank of Zhengzhou Co., Ltd.
|
| Issue: | Green financial bonds, 2017 phase I
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| Amount: | RMB 3 billion
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| Maturity: | Three years
|
| Coupon: | 4.7%
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| Settlement date: | Sept. 7
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