The first renminbi-denominated “green bond” has been issued in London, marking another step forward in the internationalisation of China’s currency.
It was issued yesterday by the International Finance Corporation, a member of the World Bank, which provides support to the private sector in developing economies.
The three-year bond raised Rmb500m ($81m) and was priced at a yield of 2 per cent. HSBC acted as sole lead manager.
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