On October 17, during an interview, a representative from the National Development Bank revealed that the bank successfully issued 5 billion yuan in three-year green finance bonds at a rate of 1.45% through the Shanghai Clearing House. The bond issuance attracted significant interest from both domestic and international investors, achieving a subscription multiple of 4.11 times. To date, the National Development Bank has issued a total of 194 billion yuan in green finance bonds.
This latest issuance strictly adhered to the “Green Bond Supported Project Directory (2021 Edition)” for selecting eligible projects and voluntarily complied with the “Green Bond Principles of China.” The funds raised will be utilized for key projects in the clean energy sector, including natural gas transmission, storage, and peak-shaving facilities, pumped hydro storage power plants, as well as upgrades for green infrastructure in the Yangtze River Basin. This encompasses areas such as green building, urban and rural public transportation systems, sewage treatment, and district metering for water supply networks.
According to estimates, these projects are projected to result in an annual reduction of 19,700 tons of carbon dioxide and a conservation of 9,200 tons of standard coal based on the supported proportion of the green bonds.
Gu Zhonghui, Deputy General Manager of the Funding Department at the National Development Bank, emphasized the bank’s commitment to strengthening its role by focusing on its primary responsibilities. He stated that the bank will effectively utilize the bond market to issue green bonds according to both domestic and international standards, thereby supporting the green, low-carbon, and high-quality development of the Yangtze River Economic Belt through green finance.
