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ICBC raises 360 bln yuan for real economy through bond underwriting in Q1

Abstract : The Industrial and Commercial Bank of China (ICBC) underwrote 300 bonds of various types as the lead underwriter in the first quarter to provide funding support to the real economy.

BEIJING, May 30 (Xinhua) — The Industrial and Commercial Bank of China (ICBC) underwrote 300 bonds of various types as the lead underwriter in the first quarter to provide funding support to the real economy.

The bonds have a total value of over 360 billion yuan (about 56.34 billion U.S. dollars), the highest such figure in the market.

In supporting the green economy, ICBC served as the lead underwriter of the first batch of “carbon neutrality” green bonds in China, to help realize the goals of achieving peak carbon emissions and carbon neutrality, the lender said in a statement.

In the first quarter, ICBC completed the underwriting of six “carbon neutrality” green bonds, with over 30 billion yuan raised for issuers.

In supporting rural vitalization, ICBC underwrote the first rural vitalization notes in China, to guide and encourage social capital to invest in agriculture and rural areas through market-oriented means, it said. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: ICBC raises 360 bln yuan for real economy through bond underwriting in Q1

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