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.

 

Nanjing Jiangbei New Area Public Assets Investment& Development NJPAID

 

NJPAID is a state owned enterprise that is responsible for investment and the development of the Jiangbei New Area, a new district in Nanjing city, which has special policy support by the government. There are plans for it to expand rapidly in the coming years, and there will be much new infrastructure to be built.The issuer owns and operates municipal infrastructure, including water supply and treatment facilities.

The bond proceeds will be used to refinance the construction of 3 new sewage treatment plants. This is part of the Yangtze River delta area. The projects will begin operation around March 2020.

This is the second Certification for a domestic bond in China, and the first verification conducted by the Approved Verifier iGreenBank.

 

DATE OF ISSUE

TENOR TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
April 2020 3 years Use of proceeds bond RMB 490 million (USD 72.8 million) China

Water Infrastructure

pre issuance verification

 

Green Bond Framework

entry on Shanghai Stock Exchange