CCB goes global for sustainability bonanza

By Morgan Davis
16 Apr 2021

China Construction Bank Corp turned to the bond market on Thursday to sell a $2.4bn equivalent multi-currency transaction, with each tranche carrying a socially responsible investment (SRI) label. But recent volatility in the region’s credit market, and the issuer’s own ‘ambiguous’ approach to the trade, posed challenges.

Three of CCB's international branches marketed the three currency, four tranche trade.

CCB's Hong Kong branch sold two tranches of sustainability-linked bonds (SLBs) — a $600m 2024 bond and a $550m 2026 note. Its Luxembourg branch raised €800m ($957.9m) from a three year green bond and ...

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