First RMB-denominated climate bond issued by Chinese bank listed in Paris

PARIS - The first RMB-denominated climate bond issued by a Chinese bank was listed Tuesday on the Euronext stock exchange here.

The bond had been successfully issued on Nov 15 in three trenches, namely 700 million euros ($829.6 million), $500 million, and 1 billion yuan ($151.4 million), by the Bank of China (BOC) Paris branch, while the order book had been oversubscribed more than 2.6 times, said Pan Nuo, head of BOC Paris branch.

The proceeds are mainly for green projects of wind power stations etc., Pan said.

The listing of this bond on Euronext "has a special meaning" as it comes close to the second anniversary of the Paris Agreement and French President Emmanuel Macron's upcoming visit to China, Chinese Ambassador to France Zhai Jun said at the listing ceremony.

Zhai added that he was convinced that in the sector of sustainable development and finance, there was huge potential for China and France to strengthen cooperation.