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.

 

China Development Bank

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.

 

DATE OF ISSUE  TYPE OF INSTRUMENT SIZE TENOR COUNTRY OF JURISDICTION CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
November 2017 Use of proceeds bond  USD 1.62 5 years China Low Carbon Transport, Wind and Water

pre issue report by EY

post issuance report

Annual report published on company's website

2018 Annual Report

China Development Bank's Press Release

Green Bond Framework

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