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CDB issues $1.43b green finance bond

China Development Bank, a development financial institution, issued its first sustainable development-themed green finance bond under the Bond Connect program to global investors on Tuesday. The raised funds will go to green projects that support the protection of the Yangtze River and green development, such as Chongqing municipality's forestry ecological construction project and the national reserve forest project. It is CDB's first green finance bond issued in 2019, with no more than 10 billion yuan ($1.43 billion) as the amount of issuance. The bond will be issued through the domestic interbank bond market and the Bond Connect program, a market access scheme allowing overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions of the mainland and Hong Kong.

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