CITIC Bank Completes Subscription for First Tranche of 2026 Green Financial Bonds (Bond Connect)

Deep News08-10 17:31

CITIC Bank has announced that its 2026 green financial bond issuance (first tranche) under the Bond Connect scheme has been finalized, according to a financial industry report on August 10th.

The bonds were successfully issued in the inter-bank bond market, following approval from the People's Bank of China. The book-building process took place on August 6, 2026, with the issuance completed on August 10, 2026. The total issuance size stands at 20 billion yuan, consisting of a 3-year fixed-rate bond with a coupon rate of 1.53%.

Proceeds from the bond issuance will be directed towards green industry projects as outlined in the 2025 edition of the Green Financial Support Project Catalogue, subject to applicable laws and regulatory approvals.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment