Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Ma Anshan Rural Commercial Bank

 

 

Ma 'anshan Rural Commercial Bank was established in 2009 and headquartered in Ma ‘anshan City, in Anhui province. It operates as a general services bank, providing lending services to corporate and retail customers. As of mid 2018, it had 58 branches.

The proceeds will be used to refinance the bank’s financing which support the following projects:

Solar PV facilitites and water sewage treatment plants, all located in Anhui province, just west of Shanghai.

This is the first bank in China to issue a domestic Certified bond.

 

DATE OF ISSUE

TENOR TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
June 2020 3 years Use of proceeds bond RMB 400 million (USD 57 million) China

Solar

Water Infrastructure

pre issuance verification

 

IFC press release