ICBC lists largest green bond on London bourse
By Angus McNeice in London | China Daily | Updated: 2018-07-18 07:49
The Industrial and Commercial Bank of China Ltd, also called ICBC, has listed a $1.58 billion green bond on the London Stock Exchange. The funds will be used to finance environmentally sustainable assets.
The listing is the largest-ever for a green bond on the LSE and represents the first Chinese issuance on the exchange's International Securities Market.
Green bonds are a type of funding that companies, governments and banks use to finance climate-related and environmental projects.
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