ICBC lists largest green bond on London bourse

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.