Recently, Concord Wind Power Investment Co. Ltd. under Concord New Energy succeeded in registering the first green debt financing instrument with the National Association of Financial Market Institutional Investors, becoming the first green bond registered by a non-financial enterprise in our country.
This project has a registered amount of RMB 500 million and the amount for the IPO is expected to be RMB 200 million with a time limit of 3 years. The IPO, which is to be independently underwritten by China Development Bank, will finish issuance in the near future.
The relevant people from China Development Bank says that the successful registration of green debt financing instrument by Concord Wind Power Investment Co. Ltd. is the break-through of zero in the domestic green enterprise credit debt, meeting the demand of enterprises in green financing and enriching the means serving the new green economy through financial innovation.As a newly-emerging new variety of bond in the international bond market in recent years, the green bond refers to the bond instrument which raises special-purpose funds for the green projects complying with the specified conditions or refinances for these projects. On December 22, 2015, People's Bank of China launched the green financial bonds, marking the official launch of the green bond market in our country. (Source: People’s Daily)