Shanghai Pudong Development Bank "SPDB" is one of the largest commercial banks in China. It is headquartered in Shanghai and was incorporated in 1993. It was set up originally to help finance the development of Pudong, which is a district in Shanghai that has become a financial hub in China. The bank has been expanding its operations internationally in recent years. It opened its London office in 2018.
This is the first Certification related to the Low Carbon Buildings Criteria in China. The buildings linked to this bond are either currently under construction, or recently completed construction in the last few years.
SPDB had previously issued several green bonds. This is the first one to receive Certification.
| DATE OF ISSUE | TYPE OF INSTRUMENT | SIZE | COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT | ANNUAL REPORT | FURTHER INFORMATION |
| October 2019 | Private Placement | USD 300m | China |
Low Carbon Transport Low Carbon Buildings |
|