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.
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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 |
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