The Bank of China (BOC) raised US$942 million from Asia’s first blue bond offering on 14 September. Blue bonds are a type of green bond issued to finance marine projects that have positive environmental, economic and climate benefits.
The offshore offering comprised US$500 million three-year blue bonds issued by BOC’s Paris branch and RMB3 billion (US$450 million) two-year blue bonds issued by BOC’s Macau branch. The US dollar-denominated bonds are listed on Euronext Access, and the renminbi-denominated bonds are listed on the Hong Kong Stock Exchange.
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