China Yangtze Power Co.Ltd(600900) (hereinafter referred to as ” China Yangtze Power Co.Ltd(600900) “) publicly issued green corporate bonds (phase II) (Sustainable link) to professional investors on Shanghai Stock Exchange in 2022. The bookkeeping and filing were completed on May 18. The issuance scale was 1.5 billion yuan, the term was 3 years, and the final coupon rate was 2.78%, which was widely participated and actively subscribed by market investors.
As the first green corporate bond linked to sustainable development in the market, the bonds raised funds to supplement China Yangtze Power Co.Ltd(600900) working capital and support business development in the field of green industry. At the same time, the bonds set a sustainable development performance target of “by the end of 2023, the installed capacity of renewable energy management shall not be less than 71 million KW”, demonstrating China Yangtze Power Co.Ltd(600900) ‘s determination to promote sustainable development in the field of renewable energy to the market.
China Yangtze Power Co.Ltd(600900) as China’s largest listed power company and the world’s largest listed hydropower company, the renewable energy management installed capacity is set as the key performance index of the current bond, which is in line with the United Nations Sustainable Development Goals (SDG) and China’s strategic deployment to implement the United Nations Sustainable Development goals. By expanding the development scale of renewable energy, accelerating the substitution of fossil energy and contributing to clean and Sustainable green power will actively mitigate climate change and help China achieve its goal of carbon peaking and carbon neutralization in response to climate change.
Citic Securities Company Limited(600030) said that the Shanghai Stock Exchange has always attached great importance to and actively promoted the green development of the capital market. It has greatly promoted the green development of the capital market by vigorously supporting the application and issuance of financial products such as green and carbon neutral bonds, and encouraging green corporate bond issuers to set innovative bond terms linked to the achievement of their overall carbon emission reduction and other environmental benefit goals Citic Securities Company Limited(600030) will always actively practice the new development concept and continue to provide green financial services for the capital market.
