SPD raises $3b in first sale of green bonds

China Daily (Canada) - - BUSINESS -

Shang­hai Pudong De­vel­op­ment Bank Co raised 20 bil­lion yuan ($3 bil­lion) in China’s first do­mes­tic green bond of­fer tied to sup­port for clean en­ergy and en­vi­ron­men­tal pro­tec­tion. The bank will pay 2.95 per­cent in­ter­est an­nu­ally on its three­year bonds, Vice-Pres­i­dent Pan Wei­dong said onWed­nes­day. The sale at­tracted or­ders that were twice the size of the of­fer, Pan said.

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