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Previously, the Ministry of Finance of China announced that the total amount of the offering, which has two parts, will not go beyond 6 billion yuan.
Simultaneously, the Ministry of Finance reduced the benchmark yield for three-year government bonds to 1.88% annually from the previously set rate of 2.3%, and for five-year bonds to 1.93% from 2.35%.
The global rating agency Moody's projects that firms in China have launched almost $410 billion in green bonds, with approximately $50 billion in 2024, accounting for an 8% portion of the worldwide market.
In February, the Ministry of Finance announced a sovereign green bond issuance initiative that sets the stage for China to issue these securities internationally and for global investors to participate in China's green development.
Funds generated from the bonds will be directed towards appropriate environmental projects in the budget. Among other aspects, it will aid in reaching environmental objectives like climate change adaptation and mitigation, safeguarding natural resources, managing pollution, and conserving biodiversity.
source: ft.com
Simultaneously, the Ministry of Finance reduced the benchmark yield for three-year government bonds to 1.88% annually from the previously set rate of 2.3%, and for five-year bonds to 1.93% from 2.35%.
The global rating agency Moody's projects that firms in China have launched almost $410 billion in green bonds, with approximately $50 billion in 2024, accounting for an 8% portion of the worldwide market.
In February, the Ministry of Finance announced a sovereign green bond issuance initiative that sets the stage for China to issue these securities internationally and for global investors to participate in China's green development.
Funds generated from the bonds will be directed towards appropriate environmental projects in the budget. Among other aspects, it will aid in reaching environmental objectives like climate change adaptation and mitigation, safeguarding natural resources, managing pollution, and conserving biodiversity.
source: ft.com
