The funds generated from the bond will go towards projects that contribute to China’s goals for carbon emissions to peak by 2030 and to attain carbon neutrality by 2060, CCB details in its April 16 announcement.
A RMB2 billion ($0.41 billion) 2-year senior transition bond from the China Construction Bank (CCB) is set to be listed on the Singapore and Hong Kong stock exchanges on April 22.
This bond, which has a focus on environment, social and corporate governance (ESG), will support transition projects in traditional, carbon-intensive industries in their decarbonisation efforts.
