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ICBC Facilitates Rail Transit Enterprises to Issue Offshore Green Bonds

Recently, ICBC International, a wholly-owned subsidiary of ICBC, has undertaken the roles as a joint global coordinator, a joint bookrunner and a joint lead manager and successfully completed the issuance of EUR400 million green bonds of Tianjin Rail Transit Group. It is reported that this is the first time that a Chinese rail transit company issues overseas green bonds.

According to the report, the successful issuance of the green bonds is another triumph of ICBC in supporting the green development of Beijing-Tianjin-Hebei integration. ICBC has always been adhering to the concept of green development by taking into consideration the demand of economic transformation and upgrading, as well as the quality development of Beijing-Tianjin-Hebei region. Through integrated financial services like “commercial banking plus investment banking”, ICBC has been actively engaged in supporting key infrastructure projects, such as rail transit, railways and ports, and people's livelihood projects in Beijing-Tianjin-Hebei region. The funds raised by the green bond issuance will all be used for green projects and to support the development of low-carbon transportation, pollution prevention, energy efficiency enhancement and renewable energy.

ICBC International is a wholly-owned subsidiary and all-licensed investment banking institution established by ICBC in Hong Kong. Based in Hong Kong and being globally oriented, it provides domestic and overseas customers with a full range of investment banking services such as stock underwriting, bond issuance, secondary market securities trading and futures trading, PE fund management, open market management, etc.. Since 2011, ICBC International has issued over 190 bonds valued USD160 billion, making is one of the top licensed institutions in the Asian bond market.