This is another landmark bond from a Chinese issuer as it represents China's first ever quasi-sovereign international Climate Bonds Certified bond. The bond is also China Development Bank's (CDB) first Climate Bonds Certified bond.
CDB has also developed an internal Green Bond Framework that will allow them to certify more issuances as part of their Green Bonds Programme. The projects selected for the Issuance of the bonds are located in various locations that are instrumental to the Belt and Road Initiative.
For the bond in November 2017, the proceeds will fund wind farms, railway projects, light rail projects, metro projects, and a water management system across China, South Asia and Kazakhstan.
In 2020, CDB received Certification for a tap of a green bond it had issued in November 2019. This tap was the first onshore bond to be sold in the interbank bond market, the Shanghai Stock Exchange, the Shenzhen Stock Exchange, the Bond Connect scheme and the over-the-counter market all at the same time.
In March 2021, CDB issued a domestic issuance with Certification.
|DATE OF ISSUE||TENOR||ANNUAL REPORT||FURTHER INFORMATION|
|November 2017||Use of proceeds bond||USD 1.62||5 years||China||Low Carbon Transport, Wind, Water||
Annual report published on company's website
|August 2020||Use of proceeds bond||RMB 10 billion (USD 1.43 billion)||3 years||China||Low Carbon Transport||pre issuance report||LGX press release|
|March 2021||Use of proceeds bond||RMB 20 billion (USD 3.1billion)||3 years||China||Low Carbon Transport, Wind, Solar||pre issuance report||CDB Press Release (Chinese)|