Advertisement

China Development Bank issues 15 bln yuan of bonds for green transportation projects

  • Xinhua
  • Share

Chinese banks log forex settlement surplus in November Photo: centralbanking

Advertisement

BEIJING — The China Development Bank, one of the country’s policy banks, has issued a total of 15 billion yuan (about 2.36 billion U.S. dollars) of bonds to support green transportation projects.

With a three-year maturity and a fixed interest rate of 2.19 percent, the bonds were issued in the interbank bond market to provide financial support mainly for green projects in the field of public transportation facilities.

It is estimated that the fundraising project could help reduce carbon dioxide emissions by around 21,500 tonnes and save about 10,500 tonnes of standard coal every year.

So far, the bank has issued green bonds worth about 105 billion yuan in total, with the balance of such bonds standing at around 95 billion yuan, the bank said.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
BTC TO USD – Today’s Bitcoin price in Dollar on September 16, 2025
Gold prices in Pakistan hit all-time high
Minister of State Bilal Bin Saqib attend at Bitcoin Asia Conference
Currency Exchange Rates in Pakistan Today – 15 September 2025
Rs200 prize bond winner list announced today – Check results here
Gold Rate in Pakistan Today – 15 September, 2025
Next Article
Exit mobile version