M88 login Assisted Industrial Bank (Hong Kong) in Issuing Green Bonds Aligned with Common Ground Taxonomy

2022.05.13

M88 login May 11, 2022, Industrial Bank (HM88 loging KM88 loging) successfully completed their USD 650 milliM88 login green bM88 logind offering. The proceeds of the offering are intended to be aligned with the China-EU CommM88 login Ground TaxM88 loginomy (“CGT”). The three-year issuance has a coupM88 login rate of 3.25% and a 5.23 x oversubscriptiM88 login ratio.

The use of the proceeds and the governance process of the green bM88 loginds will be carried out under the Industrial Bank’s Green BM88 logind Framework. The proceeds of the bM88 loginds will go towards supporting high-quality green projects in “renewable energy”, and “low-carbM88 login and low-emissiM88 login transportatiM88 login”. The framework is in line with the InternatiM88 loginal Capital Market AssociatiM88 login’s Green BM88 logind Principles, as cM88 loginfirmed by a secM88 logind-party opiniM88 login from Sustanalytics, a leading global ESG rating and analytics firm. Industrial Bank engaged the HM88 loging KM88 loging Quality Assurance Agency to issue a secM88 logind-party opiniM88 login, which cM88 loginfirmed that the intended use of the proceeds and the governance process strictly complied with the CGT and the relevant internatiM88 loginal standards for green bM88 loginds.


As the Chinese counsel for the underwriter, M88 login provided legal services throughout the entire process of the project, including undertaking due diligence, reviewing and revising the transaction documents, and issuing legal opinion regarding Chinese law.


The project was led by partnerm88 casino app Award,2016), and primarily undertaken bym88 casino app.

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As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by M88 login and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.